After 36 days of going up, the Feeder Cattle future went down 80 cents today and closed at $233.9, indicating a potential change of course

Published: May 26 2023, 23:00 GMT+0

After 36 days of going up, the Feeder Cattle future went down 80 cents today and closed at $233.9, indicating a potential change of course

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

Data from United States concerning Core Durable Goods Orders was released today at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month. United States Pending Home Sales improved upon its previous reading of -5.2% with a new data release 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. CME Cattle now trading 24.03% above its 3-month low of $154.6.

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