Feeder Cattle futures fell for a seventh consecutive session.
Feeder Cattle futures fell for a seventh consecutive session, losing roughly $21.00 over the past seven days despite strong demand and tight supplies. A decline in wholesale boxed beef prices, with Choice dropping $4.19 and Select down $2.26, added pressure to the complex. August Feeder Cattle futures dropped $4.00 to close at 356.62. Live Cattle futures also experienced pressure from cash market weakness, trading lower in both northern and southern regions and pushing futures beneath key technical support levels before a late-session bounce. In contrast, Lean Hog futures caught a bid, as technical bargain buying near contract lows stabilized the oversold market, allowing the August contract to close slightly higher at 98.55.
Feeder Cattle futures fell for a seventh consecutive session, losing roughly $21.00 over the past seven days despite strong demand and tight supplies.
A decline in wholesale boxed beef prices, with Choice dropping $4.19 and Select down $2.26, added pressure to the complex.
August Feeder Cattle futures dropped $4.00 to close at 356.62.
Live Cattle futures also experienced pressure from cash market weakness, trading lower in both northern and southern regions and pushing futures beneath key technical support levels before a late-session bounce.
In contrast, Lean Hog futures caught a bid, as technical bargain buying near contract lows stabilized the oversold market, allowing the August contract to close slightly higher at 98.55.