Cattle Futures - Live Cattle Flat-Weak

US - CME live cattle ended flat to weak on profit-taking, Goldman roll business and CBOT corn's setback.

Live cattle futures slipped at the start after longs claimed profits following recent board rallies that were fueled by fed cattle strength.

Cash cattle on a live basis last week moved at $91.50 to $94.50 per hundredweight, compared with $91 to $93.50 the previous week.

Meanwhile, some traders regarded Friday's steep climb to new monthly highs as a sell indicator on Monday. And concern about board premiums to cash expectations in the months ahead was another pressing back-month live cattle issue.

Live cattle participants are awaiting this week's cash developments as well as the U.S. Department of Agriculture's monthly cattle-on-feed report on Friday. Those in the pit are also expected to monitor boxed-beef values that before Monday's slight upturn recently came in generally mixed.

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Source: FXSTREET

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