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Reuters reports funds may have established a record net long position in CME live cattle as futures hit all-time highs above a per-pound level for the first time. US cash cattle prices are described as extremely strong, and corn is also mentioned as a fund target amid tightening US supplies.
Heavy speculative buying and tight US supplies point to continued upward pressure on cattle and corn prices, though a record fund position raises the risk of a sharp reversal.
reuters.comKaren BraunJan 27, 2025Not 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.
Reuters reported record fund net long positioning and all-time-high futures right at the end of the window, so speculative buying and momentum sentiment likely drove the 5-day rally.
