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Published by BeefBasis

8/1/2022 – ShayLe Stewart, DTN Livestock Analyst, Progressive Farmer DTN

Sort and Cull: What a Live Cattle Market With Open Interest at a 6-Year Low Means


This highlights the fact that traders aren’t comfortable with where the market currently resides. Brett Crosby, owner of Custom Ag Solutions, said, “The fact that open interest sits at a six-year low means that there’s too much uncertainty on both the upside and downside to attract traders. It also indicates the price is too low for commercials to hedge and too high to attract spec buyers.”