CME cattle futures mixed; lean hog futures set fresh lows
Bullish strength: 20/100
- Feeder cattle futures rose as weaker grain markets provided support.
- Wholesale boxed beef prices increased for both choice and select cuts.
Bearish strength: 80/100
- Lean hog futures set fresh contract lows.
- December lean hog futures fell 2.650 cents to 62.025 cents per pound.
- Weak demand and a sluggish cash market weighed on hog futures.
- Pork carcass and belly prices declined.
- Live cattle futures were mostly lower amid consumer demand concerns.
- Beef packer losses widened to an average of $39.75 per head.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.