Live Cattle futures fell to mark fourth weekly loss.
August Live Cattle futures suffered their 15th consecutive lower close, dropping $2.65 on the session and finishing the week down $10.77. This marks the fourth straight week of declines and the longest losing streak since October. August Feeder Cattle futures also slipped, closing at 345.95, down $8.65 for the week. In contrast, October Lean Hog futures advanced $1.02 to 87.95, securing a fourth consecutive weekly gain. Wholesale box beef reports showed steady to higher prices, with choice cuts rising 31 cents and select cuts gaining 66 cents. Weekly cattle slaughter fell to 433,000 head, down roughly 30,000 head from the same period last year, while live cattle and feeder cattle CVOL both trended lower.
August Live Cattle futures suffered their 15th consecutive lower close, dropping $2.65 on the session and finishing the week down $10.77.
This marks the fourth straight week of declines and the longest losing streak since October.
August Feeder Cattle futures also slipped, closing at 345.95, down $8.65 for the week.
In contrast, October Lean Hog futures advanced $1.02 to 87.95, securing a fourth consecutive weekly gain.
Wholesale box beef reports showed steady to higher prices, with choice cuts rising 31 cents and select cuts gaining 66 cents.
Weekly cattle slaughter fell to 433,000 head, down roughly 30,000 head from the same period last year, while live cattle and feeder cattle CVOL both trended lower.