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Barchart

Jim Wyckoff

Cattle Prices Show Resilience While Hog Prices Fade: What to Watch This Week

USDA Middle East United States Barchart

April live cattle (LEJ26) futures on Friday rose $0.775 to $234.05 and for the week were up $4.00. May feeder cattle (GFK26) futures gained $2.95 to $346.375 and for the week were up $7.20.

The live cattle and feeder cattle futures markets bulls had a decent week, which gives them some momentum heading into trading early this week. Traders will also begin to digest Friday’s monthly USDA cattle-on-feed report that was not quite so price-bullish.

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