After seven days of declines, Live Cattle is up 90 cents today

After closing the previous trading day at $163.95, Live Cattle is up to $164.85 per pound, which makes for a move of 0.55%/90 cents today.

United States Initial Jobless Claims data will be released today at 12:30 UTC, with an expected decline to 232,000.

Uptick comes while some more positive signs for Live Cattle are out as highly important Crude Oil Inventories data from United States beat analyst expectations of -583,000 with a reading of 597,000.

At the same time, United States Consumer Price Index released yesterday at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%. United States Consumer Price Index came out at 5%, while a consensus of analysts was expecting 5.2%.

A look at other Meats also shows upside as Feeder Cattle is up 0.46% to $208.78.

Moreover, macro data could boost sentiment further as United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released today at 12:30 UTC.

Furthermore, the market is looking at as things stand, upcoming United States Core Retail Sales data is projected to fall short of market expectations with newly published data of -0.3%, following on from the preceding figure of -0.1%. New data is set to be published tomorrow at 12:30 UTC. Today at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 232,000 from the preceding figure of 228,000.

The commodity has been trending positively for about 10 months. Live Cattle reached a significant high of $168.18 around 13 days ago but has lost 2.51% since then.