
CME cattle and lean hog futures firmed Tuesday on seasonal beef demand and tighter hog supplies from extreme heat. Feeder cattle fell limit-down Monday after USDA Secretary Rollins announced the lifting of the Mexican cattle import ban.
Heat stress reducing hog performance tightens pork supply, supporting hog prices and hog-feed demand, while the Mexican import decision adds supply to the feeder market.
After 12 past bullish weather events, Lean Hogs moved a median +1.5% over 5 sessions (58% higher; middle half -1.6% to +7.1%), and -3.9% over 20.
After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
After 21 past neutral weather events, Feeder Cattle moved a median +1.7% over 5 sessions (67% higher; middle half -0.1% to +2.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.