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Barchart
Barchart
Jim Wyckoff

Live Cattle, Lean Hog Futures Fade as Overall Production Levels Lag

CME USDA

October live cattle futures (LEV26) on Friday rose $0.35 to $225.275. For the week, they were down $1.975. September feeder cattle futures (GFU26) rose $3.65 to $345.225, near the daily high, and for the week up $3.125. The cattle futures markets in late Friday trading saw short covering to allow prices to finish unchanged, after both markets earlier saw some follow-through technical selling from Thursday’s solid losses. October live cattle futures late last week saw a price uptrend on the daily chart negated.

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