After 11 days of going down, Live Cattle is stable today, trading around $171.75

Live Cattle trades at $171.75 per pound, after ending yesterday at $171.72.

CME Live Cattle is currently trading at $171.75 following the release of Building Permits (May) data from the United States.

CME Live Cattle's state is reflected by market data as United States Building Permits (May) released today at 12:30 UTC with a figure of 1.49 million, while the previous figure was 1.15 million. Data for United States Housing Starts published today at 12:30 UTC came out at 21.7%, beating projections of -0.8% and showing improvement over the preceding figure of -2.9%. United States Housing Starts (May) came out at 1.63 million, while a consensus of analysts was expecting 1.4 million.

Moreover, United States Fed Chair Powell testimony is scheduled tomorrow at 14:00 UTC. United States Fed Governor Jefferson testimony is scheduled for tomorrow at 14:00 UTC.

Trading mostly sideways for a year. CME Live Cattle is now trading 2.22% below the significant high of $175.62 it set around 14 days ago.