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DTN's monthly livestock analysis shows June live cattle closed at $106.10 and testing support near $104.825. Feeder cattle and lean hogs also fell on the monthly chart, while Class III milk rose.
Technical breaks in live cattle and feeders can extend selling in feed-grade cattle markets. Hog and milk moves signal limited spillover to feed demand.
dtnpf.comDarin NewsomMay 1, 2018Not 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.
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.
The monthly analysis shows June live cattle testing support near 104.825 amid broad livestock weakness, which is consistent with technical and fund-driven selling.
Monthly analysis shows June live cattle falling and testing support, confirming the downward price momentum.
