Feeder Cattle futures hit highest weekly close since June.

Livestock futures experienced a relatively quiet Friday as markets digested the latest Cattle on Feed report. Live Cattle placements fell 12% from a year ago, coming in well below the average trade estimate for an 8% decline. Feeder Cattle futures rallied $1.20 to settle at $348.12, securing their third straight week of gains and marking the highest weekly close since June. Meanwhile, Lean Hog futures stabilized after a recent slide, with the December contract closing one tick higher at $65.57, though the market still finished the week 2% lower.