Live Cattle futures advanced on Wednesday, supported by ongoing supply constraints. The April contract rose 3.80 to 241.22, moving within one tick of filling a gap from the previous week. Feeder Cattle futures also gained ground as feedlots held for higher prices amid firm market fundamentals. The March Feeder Cattle contract climbed 3.33 to 368.10, while the April contract reached 365.17. In contrast, Lean Hogs futures declined for a fourth consecutive session as the market continued to correct from overbought levels. The April Lean Hogs contract dropped 1.38 to 94.12, bringing the total four-day decline to 5.63. Traders noted that while the technical correction persists, broader hog fundamentals remain neutral.
https://www.cmegroup.com/markets/agriculture.html
#Cattle #Hogs #Livestock
https://www.cmegroup.com/markets/agriculture.html
#Cattle #Hogs #Livestock