Livestock Analysis
Live cattle and lean hogs boasted impressive gains, while feeder futures underwent selling pressure under reports feeder imports from Mexico are likely to resume soon.
Hogs saw modest strength today while the cattle markets saw corrective selling.
Cattle futures surged higher today on reports of stronger cash cattle trade.
Cattle futures showed impressive strength today, bolstered by continued strength in the cash cattle market.
Cattle futures favored the upside today for the most part, while seasonal weakness in hogs weighed on lean hog futures.