Livestock markets finished mixed, with February Live Cattle futures gaining $0.27 to settle at 226.95 after trading in a $3 range. Conversely, January Feeder Cattle futures dropped to 335.50, and February Lean Hog futures fell to 81.87. Wholesale boxed beef showed strength as Choice cuts rose $2.07 to 362.97, and cash steer prices remained firm at 221.21. Daily slaughter came in at 115,000 head, matching last week's pace, while implied volatility for cattle contracts retreated significantly.
Learn More About Trading Futures and Options at CME Group: https://www.cmegroup.com/markets/agriculture.html
#cattle #leanhogs #futures
Learn More About Trading Futures and Options at CME Group: https://www.cmegroup.com/markets/agriculture.html
#cattle #leanhogs #futures