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NewsSignals AI analysis·Reuters·

CME live, feeder cattle futures rally

Grade Bbullish AI signal$LE1!$FCPO1!$LHZ26$CZ26
Live and feeder cattle futures rallied on Wednesday, while lean hog futures plunged to new contract lows amid weak demand and falling pork prices. December live cattle rose 0.95 cent to 231.125 cents per pound, while November feeder cattle gained 2.940 cents to 348.82 cents per pound; December lean hogs fell 1.425 cents to 65.725 cents per pound. Lower feed costs could support cattle prices, while continued sluggish pork demand and declining wholesale prices may intensify pressure on the hog market.

Bullish strength: 65/100

  • Live cattle futures gained 0.95 cent per pound.
  • Feeder cattle futures rose 2.940 cents per pound.
  • Lower corn prices could reduce cattle feeding costs.

Bearish strength: 35/100

  • Lean hog futures fell to new contract lows.
  • Sluggish demand and weak pork prices pressured hog futures.
  • Wholesale hog carcass and pork belly prices declined sharply.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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