$BEF

Live cattle futures experienced a significant decline, dropping between $2.125 and $2.75 on Thursday. The market observed a lack of activity in cash trades, and a recent online auction for feeder cattle resulted in no sales among the 1,026 heads offered. Bids in the auction were noted to be between $232 and $235, indicating potentially weak demand. The pressure on feeder cattle futures suggests continued bearish sentiments in the cattle market. Traders are keeping a close watch for developments leading into Friday that could shift the current dynamics.