Cattle Futures Steady

Live Cattle futures traded steady as market participants weighed modest gains in boxed beef prices against pullbacks from session highs.

October Live Cattle futures gained $2.30 to reach 229.55, while August touched 233.40 before easing.

Feeder Cattle futures traded mixed despite cash prices gaining $3 in both Northern and Southern markets, with September peaking at 348.05 before closing slightly lower at 341.70.

Lean Hog futures faced pressure from weak pork cutout values, with October slipping $1.50 to 83.35 and December settling at 74.72 amid range-bound trading.

Virginia McGathey analyzes the latest price action, packer demand, and volatility across livestock futures.