No deliveries yesterday for June cattle. June 7, 2022
There were zero deliveries against the June live cattle contract yesterday afternoon. Traders fell this contract is about priced right with cash. If we had a normal basis then June futures would be implying cash this week and next at $137 using today's close. With the recent weaker than normal basis we could suggest the market is implying $135/$136. At this time we're not sure how much upside June can see in the short term.
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Allendale Insider
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Possible light fund short covering yesterday
December 6, 2023
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Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
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SA maps still look solid for rains in the 10 day
December 1, 2023
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Trade expects strong exports and more 8 AM announcements
November 30, 2023
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Open interest continues to fall drastically
November 29, 2023
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