After 35 days of going up, CME Cattle is down 80 cents today

Published: May 26 2023, 22:16 GMT+0

After 35 days of going up, CME Cattle is down 80 cents today

Today at a glance: Feeder Cattle slumps 0.34% to close at $233.9 per pound today.

United States Core Durable Goods Orders published today at 12:30 UTC came out at -0.2%, falling short of the 0% projections and continuing its decline from the previous 0.3% figure. United States Pending Home Sales fell short of the 0.5% projections, with new data of 0%.

Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

The commodity has been trending positively for about a year. The past 3 months have been positive for CME Cattle as it added 24.03% compared to its 3-month low of $154.6.

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