# Steady Early June Production Seen Supportive as Natural Gas Futures Rally — MidDay Market Snapshot

> Natural gas futures rallied midday Monday, June 3, 2024, with July Nymex up 13.1 cents to $2.718/MMBtu. Wood Mackenzie estimated Lower-48 output at 98.7 Bcf/d, below the year-earlier level, and LNG terminal flows were around 13 million Dth/d.

- Date: 2024-06-03 · published 2024-06-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7808-steady-early-june-production-seen-supportive-as-natural-gas-futures-rally
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Production running below last year and steady LNG demand support prices, but rising output could cap gains. The effect on animal feed markets is indirect, through energy and fertilizer costs.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/steady-early-june-production-seen-supportive-as-natural-gas-futures-rally-midday-market-snapshot/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.