Technical Buying Slows In Mixed Livestock Trade

Virginia McGathey of McGathey Commodities breaks down the latest moves across the livestock sector. Live Cattle futures saw mixed action as choppy box prices slowed recent technical buying, leaving the uptrend rebound intact but pushing the October contract lower. Feeder Cattle futures found support from steady cash prices, recovering from an early dip to close higher on the session. Meanwhile, Lean Hog futures faced pressure from choppy pork cutouts, extending a week of sideways trade action. McGathey also highlights the CVOL Index readings across all three markets, noting implied volatility levels for cattle and hogs as traders monitor cash market fundamentals.