U.S. livestock: June live cattle, hogs continue lower

Feeder cattle also down on day

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Published: March 21, 2023

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CME June 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

Chicago Mercantile Exchange’s most-active June live cattle and lean hog contracts continued on a downward track in Monday’s trade.

June live cattle closed Monday at $155.525, beneath the lower end of its 20-day Bollinger range and down 87.5 cents from Friday’s close (all figures US$ per hundredweight).

Front-month April, meanwhile, opened near its 50-day moving average but closed down 30 cents from Friday at $162.05.

In CME feeder cattle contracts, most-active May closed Monday at $199.15, down 80 cents, while lightly-traded front-month March closed at $188.20, down 65 cents.

June lean hogs also continued to drop through the lower end of their 20-day Bollinger range, closing Monday down $1.45 at $91.875, as did front-month April, closing down $2.10 at $77.75. — Glacier FarmMedia Network

About the author

Dave Bedard

Dave Bedard

Editor, Grainews

Farm-raised in northeastern Saskatchewan. B.A. Journalism 1991. Local newspaper reporter in Saskatchewan turned editor and farm writer in Winnipeg. (Life story edited by author for time and space.)

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