Welcome to Markets Desk, here's what's moving right now.
Cloudflare just posted what management is calling its best quarter on record, with revenue momentum continuing to build as enterprise demand for its network security and traffic management platform accelerates. But analysts are watching margins closely, because growth at this pace is coming with rising infrastructure costs that could pressure profitability heading into next year.
Shifting to the commodity pits, cattle futures are having a strong session with live cattle gaining two dollars fifty-five to three dollars forty at midday. Cash trade last week came in at two hundred eighteen dollars in the South, and feeder cattle are surging six to seven dollars on the day, signaling tight supply conditions and resilient demand from processors.
Lean hogs are also catching a bid, with front-month futures up as much as two dollars seventy-seven at midday despite softer cash fundamentals. The USDA national base hog price came in at forty-three dollars ten this morning, down nearly two dollars from the prior session, so futures are outpacing the cash market here, which traders will be watching carefully for any divergence.
That's the tape. Markets Desk, signing off the floor.
