Cattle Consolidate and Lean Hogs Fish for a Low
Live cattle and feeder cattle futures continue to consolidate with dueling fundamentals. Lean hogs were positive on the day, is a low in?
April live cattle were 15 cents lower on the days settling at 162.15. A weaker cash market and concerns over a recession have kept pressure on prices.
Feeder cattle were mixed with the April contract finishing the day .625 higher while the May contract settled .175 lower at 198.60.
The first two months of lean hogs were able to squeeze out a positive session, albeit a very slight gain. April hogs were up .10 to 83.35 and the June contract was up a tick (.025) to 89.375.
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