U.S. livestock: Live cattle mostly lower

Lean hogs also down a second day

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Published: October 10, 2023

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

Most-active December live cattle on the Chicago Mercantile Exchange (CME) turned lower for a second day in a row Tuesday, as did lean hog and deferred-month feeder cattle futures.

December live cattle closed Tuesday at 185 cents/lb., down 0.35 cent on the day, while lightly-traded front-month October ended up 0.2 cent at 182.575 cents/lb. (all figures US$).

Most-active November feeder cattle also rose, by 0.7 cent on the day, to 250.35 cents/lb., unable to close above resistance at its 100-day moving average for the sixth trading day in a row.

Front-month October feeders also rose 1.05 cents, to 247.95 cents/lb., while deferred months turned lower.

CME lean hogs slipped lower, with most-active December down 1.05 cents at 71.425 cents/lb. and front-month October down 0.025 cent at 81.95. — 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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