MARKET REACTION SCORE
Databento OHLCV-1m. Session filtered: Mon–Fri, 8:30 a.m.–1:05 p.m. Central.
MARKET INTELLIGENCE DASHBOARD
Data as of Jul 24, 2026 18:06 UTC ● LIVE
CONTRACT LEADERSHIP WARNING
WATCH
Contract leadership unavailable.
June and August rows were not both available for cross-contract confirmation.
Driver Attribution
Why cattle moved: cash + macro + OI + contract leadership
WATCH
Primary DriverMacro headline watch driving two-sided risk
Primary ContractLEV6 — LEV6
Market ReactionBullish 2.5
Cash / Feedyard ReadINSUFFICIENT DATA | Leverage: Unknown
BasisGFQ6: -115.21 (FUTURES PREMIUM) | GFU6: -111.46 (FUTURES PREMIUM) | LEQ6: 3.52 (CASH PREMIUM) | LEV6: 8.02 (LARGE CASH PREMIUM)
Macro WatchChina Beef Export Access / TWO-SIDED / ACTIVE WATCH
OI ConfirmationGFQ6: OI explanation unavailable. | GFU6: OI explanation unavailable. | LEQ6: Price up + OI down = short covering. | LEV6: Price up + OI up = new bullish participation.
Trade MeaningUse contract leadership, OI, and macro confirmation before assigning strong direction.
GFQ6: NO STRONG FINAL CASH-ADJUSTED EDGE YET. || GFU6: NO STRONG FINAL CASH-ADJUSTED EDGE YET. || LEQ6: NO STRONG FINAL CASH-ADJUSTED EDGE YET. || LEV6: MODERATE MARKET REACTION — cash cattle is neutral or incomplete.
Headline whipsaw risk. Bullish if China access is confirmed; bearish/neutral if licenses remain expired or blocked.
Packer–Feedyard Pressure
Cash trend + basis + OI confirmation
0
Pressure ReadMIXED CASH PRESSURE
Cash SignalINSUFFICIENT DATA
LeverageUnknown
Daily Cash230.59 (None vs last week)
Weekly Cash238.24 (None vs last week)
BasisGFQ6: -115.21 (FUTURES PREMIUM) | GFU6: -111.46 (FUTURES PREMIUM) | LEQ6: 3.52 (CASH PREMIUM) | LEV6: 8.02 (LARGE CASH PREMIUM)
GFQ6: NO STRONG FINAL CASH-ADJUSTED EDGE YET. OI: OI explanation unavailable. || GFU6: NO STRONG FINAL CASH-ADJUSTED EDGE YET. OI: OI explanation unavailable. || LEQ6: NO STRONG FINAL CASH-ADJUSTED EDGE YET. OI: Price up + OI down = short covering. || LEV6: MODERATE MARKET REACTION — cash cattle is neutral or incomplete. OI: Price up + OI up = new bullish participation.
Session Date2026-07-24
DirectionBullish
Open345.000
Close345.800
Change0.800
Change %0.23%
Volume2,754
10D Avg Vol4,173
Volume Ratio0.66x
Bars246
OI Date
Open InterestN/A
OI ChangeN/A
Price0.0
Volume0.0
Follow-through0.5
Cash Score0
Cash LeverageUnknown
Cash SignalINSUFFICIENT DATA
Cash/Futures Basis-115.21
Basis SignalFUTURES PREMIUM
Basis MeaningFutures are above cash; rally may be more vulnerable if cash does not follow.
Cash-Adjusted ReadNO STRONG FINAL CASH-ADJUSTED EDGE YET.
MACRO DRIVER ATTRIBUTION
Primary DriverChina Beef Export Access
Driver DirectionTWO-SIDED
StatusACTIVE WATCH
Confirmation
Two-sided macro watch; price has not confirmed a clean direction.
Trade Read
Headline whipsaw risk. Bullish if China access is confirmed; bearish/neutral if licenses remain expired or blocked.
Mild bullish close — No strong market reaction.
OI explanation unavailable.
Session Date2026-07-24
DirectionBullish
Open341.000
Close342.050
Change1.050
Change %0.31%
Volume5,443
10D Avg Vol5,098
Volume Ratio1.07x
Bars261
OI Date
Open InterestN/A
OI ChangeN/A
Price0.5
Volume0.0
Follow-through0.5
Cash Score0
Cash LeverageUnknown
Cash SignalINSUFFICIENT DATA
Cash/Futures Basis-111.46
Basis SignalFUTURES PREMIUM
Basis MeaningFutures are above cash; rally may be more vulnerable if cash does not follow.
Cash-Adjusted ReadNO STRONG FINAL CASH-ADJUSTED EDGE YET.
MACRO DRIVER ATTRIBUTION
Primary DriverChina Beef Export Access
Driver DirectionTWO-SIDED
StatusACTIVE WATCH
Confirmation
Two-sided macro watch; market reaction is leaning bullish/short-cover risk.
Trade Read
Headline whipsaw risk. Bullish if China access is confirmed; bearish/neutral if licenses remain expired or blocked.
Mild bullish close — Light bullish reaction.
OI explanation unavailable.
LEQ6
August 2026 Live Cattle
0.5
Session Date2026-07-24
DirectionBullish
Open225.875
Close227.075
Change1.200
Change %0.53%
Volume7,782
10D Avg Vol6,650
Volume Ratio1.17x
Bars246
OI Date2026-07-22
Open Interest52,370
OI Change-2,442
Price0.5
Volume0.0
Follow-through0.0
Cash Score0
Cash LeverageUnknown
Cash SignalINSUFFICIENT DATA
Cash/Futures Basis3.52
Basis SignalCASH PREMIUM
Basis MeaningCash is above futures; cash market supports dips unless futures break on strong volume/OI.
Cash-Adjusted ReadNO STRONG FINAL CASH-ADJUSTED EDGE YET.
MACRO DRIVER ATTRIBUTION
Primary DriverChina Beef Export Access
Driver DirectionTWO-SIDED
StatusACTIVE WATCH
Confirmation
Two-sided macro watch; price has not confirmed a clean direction.
Trade Read
Headline whipsaw risk. Bullish if China access is confirmed; bearish/neutral if licenses remain expired or blocked.
Mixed / no follow-through — No strong market reaction.
Price up + OI down = short covering.
Session Date2026-07-24
DirectionBullish
Open221.775
Close222.575
Change0.800
Change %0.36%
Volume9,514
10D Avg Vol74
Volume Ratio128.57x
Bars175
OI Date2026-07-22
Open Interest117,484
OI Change569
Price0.5
Volume1.5
Follow-through0.5
Cash Score0
Cash LeverageUnknown
Cash SignalINSUFFICIENT DATA
Cash/Futures Basis8.02
Basis SignalLARGE CASH PREMIUM
Basis MeaningCash is far above futures; bearish futures pressure needs strong confirmation because cash is still supportive.
Cash-Adjusted ReadMODERATE MARKET REACTION — cash cattle is neutral or incomplete.
MACRO DRIVER ATTRIBUTION
Primary DriverChina Beef Export Access
Driver DirectionTWO-SIDED
StatusACTIVE WATCH
Confirmation
Two-sided macro watch; market reaction is leaning bullish/short-cover risk.
Trade Read
Headline whipsaw risk. Bullish if China access is confirmed; bearish/neutral if licenses remain expired or blocked.
Mild bearish close — Moderate bullish market reaction.
Price up + OI up = new bullish participation.
Cash Cattle Index
Packer–Feedyard Cash Leverage
-2
Daily Cash2026-07-24: 230.29 live, -8.21 vs last week
Weekly Cash2026-07-20: 238.22 live, -9.73 vs last week
Data QualityGOOD — Daily and weekly USDA cash reports are fresh enough to trust.
Daily FreshnessFRESH — Daily cash report is 0 calendar day(s) old.
Weekly FreshnessFRESH — Weekly cash report is 4 calendar day(s) old.
LeveragePackers
SignalBEARISH CASH / PACKER LEVERAGE
Trade MeaningCash is lower versus last week, showing weaker feedyard leverage.
Market reaction score is based only on regular Live Cattle session bars.
It does not use overnight trading. OI remains an explanation layer after update.