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Barchart
Barchart
Jim Wyckoff

Cattle, Hog Prices Are Starting to Lose Steam. Gasoline Prices, DOJ Meatpacking Investigation Are Key Catalysts to Watch.

DOJ United States USDA Barchart JBS

June live cattle (LEM26) futures on Friday rose $1.725 to $245.225 but for the week were down $2.475. May feeder cattle (GFK26) futures Friday gained $2.025 to $360.90 and for the week were down $4.375.

The live cattle and feeder cattle futures markets Friday saw corrective bounces, but the bears had the better week. The near-term technical postures for both markets have deteriorated further.

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