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Live Cattle, Feeder Cattle Extend Weekly Slide as August Live Cattle Drops $4.02

AI Market Summary
U.S. live and feeder cattle futures extended a week of declines as cash cattle prices fell and open interest dropped, signaling long liquidation. CFTC data showed managed money materially reduced net long exposure in both contracts, reinforcing a near-term risk-off tone. Despite firmer boxed beef prices, the market focus remains on weakening price momentum and positioning, while USDA slaughter was lower year-on-year, underscoring ongoing supply-demand uncertainty.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.70%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Live cattle and feeder cattle futures extended their declines, with the August live cattle contract down $4.02 for the week and August feeder cattle off $6.025. Cash trade was reported at $247248, down $78 from last week, while the CME Feeder Cattle Index fell to $370.42 on July 9, a weekly drop of $4.03. Managed money reduced net long positions in both markets, and USDA data showed federally inspected cattle slaughter was 42,565 head below the same week last year.
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