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Live Cattle Extend Losing Streak, Hogs Pick Up — Market Talk

Grade Bbearish AI signal$LE$HE
Live cattle futures fell for a sixth consecutive session, pressured by technical selling and economic concerns surrounding the midterm elections. Cattle settled down 0.7% at $2.1815 per pound, while hogs rose 0.7% to 58.6 cents per pound as boxed beef prices also increased. Continued cattle weakness could persist if technical selling and consumer affordability concerns remain, while hogs may continue to diverge.

Bullish strength: 30/100

  • Choice and select boxed beef prices increased.
  • Hog futures rose 0.7%.

Bearish strength: 70/100

  • Live cattle futures extended their losing streak to six sessions.
  • Live cattle settled down 0.7% amid technical selling and economic concerns.

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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