Cattle futures prices rose modestly on expectations of lower

Cattle futures prices rose modestly on expectations of lower feeder cattle availability in Q3, following recent USDA Cattle on Feed reports. August live cattle touched $179.25/cwt, with technical support seen at $177.10 and upside resistance near $181.50 according to trading desks. Coffee Prices Settle Higher on Tight ICE Inventories and Vietnam Crop Concerns 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. Reuters market commentary notes cattle futures prices firmed on tightening Canadian imports, with June live cattle at $182.05/cwt and feeder cattle showing additional strength. Market sentiment leans constructive for Q