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December Live Cattle futures traded lower, eyeing a chart gap near $217.50, while boxed beef spreads narrowed and Monday's slaughter pace trailed last year. November Feeder Cattle futures fell $3.50 to $4.50, testing their 100-day moving average near $334.50.
December Lean Hog futures held below $60 as the cash market weighed and funds extended a record net short position.
This is routine price commentary on technical levels and positioning, with no new supply or demand shock. Slower slaughter and a weak cash hog market point to softer livestock prices, which may ease feed-buying pressure from livestock producers.
squawknews.comSquawkNews DeskNov 3, 2026Not 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.
