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Live and feeder cattle futures closed lower on technical selling on May 5, with June live cattle down $1.05 to $133.77. Hog futures gained on higher pork values, and cash cattle traded mostly at $140 in the South.
Feeder cattle auction prices were mixed to higher.
Higher pork values support hog futures, while lower cattle futures on technical selling point to softer near-term beef cattle demand for feed.
brownfieldagnews.comMeghan GrebnerMay 5, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
June live cattle fell $1.05 to $133.77 on May 5 on technical selling, directly adding to the 5-day decline.
