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April 22, 2023
Yesterday at a glance: Live Cattle moves 0.03% to close at $164.4 per pound yesterday.
Uncertainty around the Livestock future is reflected by published market data as United States Services PMI came out at 53.7, while a consensus of analysts was expecting 51.5. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 244,600, while the previous figure was 235,600. United States CFTC Gold speculative net positions came out at 189,900.
The commodity has been trending positively for about 10 months. Live Cattle has fallen back around 2.27% from the significant high of $168.18 set 22 days ago.
