End of rally for CME Feeder Cattle: After 36 consecutive up days it closed down 0.34% yesterday

Yesterday at a glance: Feeder Cattle ended yesterday at $233.9 per pound following from closing Thursday at $234.7. Overall, this represents a loss of 80 cents or 0.34%.

Following a previous reading of 0.3%, Core Durable Goods Orders in United States released yesterday at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading of -0.2%.

Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions came out at 193,100.

The commodity has been trending positively for about a year. Feeder Cattle now trading 23.54% above its 3-month low of $154.6.