Loading…
Open interest in live cattle futures has declined throughout October 2020 as traders exited the complex. Current open interest is above the May pandemic lows but has fallen to about 10,000 contracts.
Shrinking open interest reduces market liquidity and has been correlated with further price declines, which weighs on cattle feeding returns.
dtnpf.comRick KmentOct 21, 2020Not 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.
