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Barchart
Jim Wyckoff

Cattle Futures Bulls Regain Some Footing While Lean Hogs See More Technical Selling

USDA CME

October live cattle futures (LEV26) on Friday fell $0.20 to $218.875, ending the week up $2.95. November feeder cattle futures (GFX26) rose $3.90 to $331.975 and ended the week up $13.975. The cattle futures markets traded mixed Friday, with live cattle seeing buying interest limited by slightly lower cash trade taking place. Technical buying was featured in feeders.

The USDA at midday Friday reported moderately active cash cattle trading on the week, with steers averaging $220.75 and heifers $220.61. The agency reported average cash cattle trading the week prior at $221.87.

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