Oliver Sloup breaks down the latest price action across Livestock futures. He reviews the continued selling pressure seen in Live Cattle futures and Feeder Cattle futures, highlighting their recovery off early morning lows. The conversation shifts to the snout side, where Lean Hogs futures extended recent gains. Additionally, Sloup discusses the market impact of screwworm cases advancing past the U.S. border into Texas, which traders and hedgers are monitoring closely. Finally, he unpacks a mixed wholesale boxed beef report, noting choice cuts moved higher while select cuts moved lower, alongside the latest 5-area average price for live steers and daily slaughter data.
Learn about trading futures and options at CME Group:
https://www.cmegroup.com/markets/agriculture.html
#LivestockFutures #CattleTrading #Commodities
Learn about trading futures and options at CME Group:
https://www.cmegroup.com/markets/agriculture.html
#LivestockFutures #CattleTrading #Commodities