Livestock Futures Retreat As Demand Struggles

Virginia McGathey discusses recent downside movement across the livestock sector. Live Cattle futures traded lower on profit-taking following a recent rally, with demand showing signs of struggle despite higher cash prices. Feeder Cattle futures also faced pressure as the market anticipates higher placement estimates in Friday's Cattle on Feed report, alongside concerns over heavier weights. Meanwhile, Lean Hog futures continue to test new lows amid weaker cutout values, signaling a reduction in overall demand. Market participants will be closely monitoring upcoming reports to assess the ongoing impact on Livestock futures.