U.S. livestock: Live cattle, lean hogs turn lower

August feeder cattle down second day

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Published: May 2, 2023

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CME June 2023 live cattle with Bollinger bands (20,2). (Barchart)

The Chicago Mercantile Exchange’s most-active live cattle and lean hog futures turned lower Monday on a down day overall in livestock trade.

CME June live cattle ended lower Monday after three consecutive days’ climb, at one point dipping below their 10-day moving average before closing at 164.875 cents/lb., down 0.6 cents on the day (all figures US$).

August live cattle, meanwhile, closed Monday at 162.65 cents, down 1.125 cents on the day and below the contract’s 20-day moving average.

Front-month May feeder cattle dipped 1.275 cents on the day, closing at 209.7 cents, while most-active August turned lower for a second day, ending at 230.1 cents, down 0.625 cents.

Most-active June lean hogs ended down two cents on the day at 89.7 cents/lb., at one point slipping below the contract’s 30-day moving average, while thinly-traded front-month May was down 0.35 cent at 79.3 cents/lb. — 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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