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Cattle futures were lower to start the week, with technical analysis pointing to support levels for August live and feeder cattle. Corn futures fell as funds pressed net short positions to near-record levels.
Fund short positioning in corn signals bearish sentiment that can keep grain prices under pressure. Cattle technical weakness reflects routine price action rather than a new fundamental shift.
bluelinefutures.comBlueLineFuturesJul 2, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
