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CME lean hog futures fell to their lowest since early February, with June hogs settling 4.6 cents lower at 106.375 cents per pound. Live and feeder cattle futures also declined, with June live cattle down 1.25 cents to 132.65 cents.
Traders cited consumer demand concerns ahead of grilling season and end-of-month fund liquidation.
Weaker consumer demand expectations and fund selling pressure lower livestock futures, which can reduce the value of feeder and finished animals. Feed buyers may see softer finishing margins and less pressure to lock in supplies.
thecattlesite.comGlobal Ag MediaMay 1, 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.
Live cattle futures declined (June down 1.25 cents to 132.65) on consumer demand worries ahead of grilling season and end-of-month fund liquidation, directly matching the drop dated 2022-05-01.
Live cattle futures declined on consumer demand concerns and fund liquidation, directly adding to the selling pressure.
It describes live cattle futures declining on consumer demand worries and fund liquidation, a plausible mechanism for the drop, but the 05-01 date (a Sunday) and the small 1.25 cent decline make the timing uncertain.
Live cattle futures declined on consumer demand concerns ahead of grilling season and fund liquidation, a sentiment-driven drop in the window.
