October live cattle (LEV26) futures on Friday rose $0.275 to $215.925 and for the week were down $3.75. November feeder cattle (GFX26) futures lost $0.65 to $318.00 and for the week were down $10.175. The cattle futures bears were in command last week, including a technically bearish weekly low close in November feeders on Friday. The near-term technical postures for both markets have deteriorated over the past few weeks, which has the speculative bulls mostly standing on the sidelines.
However, the cattle bulls did get some good news late Friday afternoon.
