Live Cattle futures remained steady during Wednesday's session as a firm cash trade offset a quiet news cycle. Despite a slight dip at the opening bell, prices recovered to finish near unchanged, with the June contract reaching 238.50. Feeder Cattle futures showed firmness as market participants monitored tightening supply levels heading into the first quarter. The March contract traded within a 2.55 range, reaching 371.70. Lean Hog futures moved higher as buying interest emerged following four sessions of liquidation and price correction. While cutouts remained relatively even, the market appeared to find stronger footing toward the middle of the week. The April Lean Hog contract finished up a modest 0.82 at 93.12, while June futures reached 106.82. Traders continue to evaluate potential demand increases against current inventory levels.
Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/agriculture.html
#livestock #cattle #hogs
Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/agriculture.html
#livestock #cattle #hogs