CLARA TECHNICALS: Momentum indicators show a market nearing overbought territory but still technically strong. The Stochastic %K is high at 93.10%, signaling elevated momentum, though the %D at 95.94% indicates potential for short-term exhaustion
CLARA Technicals
CME live cattle futures open interest increased by 3,192 contracts on Tuesday, reaching 356,921 and extending its growth streak to ten consecutive sessions. Earlier this month, open interest hit a year-to-date peak of 408,186 on April 2 before falling sharply by 82,189 contracts over eight straight sessions to a low of 325,997. Since bottoming on April 14, open interest has rebounded by 30,924 contracts—recovering just under 38% of what was lost during the selloff
US Cattle Report by National Beef Wire
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