# Market Activity Essential for Price Support

> 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.

- Date: 2020-10-21 · published 2020-10-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8113-market-activity-essential-for-price-support
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Shrinking open interest reduces market liquidity and has been correlated with further price declines, which weighs on cattle feeding returns.

## Read by commodity

- LCATTLE: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/sort-cull/blog-post/2020/10/21/market-activity-essential-price

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.