In the cattle futures chart, deferred month trading patterns reveal subtle bullish sentiment. Q4 contracts benefit from reduced calf crop expectations following drought impacts in southern Plains regions. Precious metals remain in bullish trends, with very bullish quarterly key reversals in silver, platinum, and palladium. Copper and base metals are mostly bullish, with the red metal back above $5 per pound on the nearby COMEX futures contract. Manage the risk inherent in cattle production and processing with Live Cattle futures and options. Facilitate price discovery and manage price risk related to the purchase or sale of cattle. Benefit from arbitrage and spread opportunities with other commodities such as grains. Traders eye the cattle futures chart as boxed beef cutout values climb, signaling potential margin expansion for packers. Live cattle prices, now near $184.80, could attract speculative buying if supply chain bottlenecks persist.
