Feeder Cattle futures fell as funds trimmed long positions.
Virginia McGathey analyzes the latest action in the livestock market, where Live Cattle futures firmed up to halt an 11-day decline despite weakness in the cash trade. Feeder Cattle futures slipped 40 cents as funds reduced long positions, though underlying fundamentals remain supportive across the beef complex. Meanwhile, Lean Hogs futures traded in a wider $2.50 range, closing virtually unchanged at 98.15 amid hot weather, lower price estimates, and a strong slaughter pace.
Virginia McGathey analyzes the latest action in the livestock market, where Live Cattle futures firmed up to halt an 11-day decline despite weakness in the cash trade.
Feeder Cattle futures slipped 40 cents as funds reduced long positions, though underlying fundamentals remain supportive across the beef complex.
Meanwhile, Lean Hogs futures traded in a wider $2.50 range, closing virtually unchanged at 98.15 amid hot weather, lower price estimates, and a strong slaughter pace.