Fundamentals pressure lean hog futures


Fundamentals pressure lean hog futures

At the Chicago Mercantile Exchange, cattle futures ended the day mixed in tight trading ranges ahead of Friday’s Cold Storage and Cattle on Feed report.  The slow cash cattle trade didn’t help futures contracts find any direction.  Both the Cold Storage and Cattle on Feed reports were viewed as negative.  June live cattle closed $.37 lower at $108.27 and August contracts closed $.22 lower at $105.90.  August feeder cattle closed $.72 higher at $149.20 and September contracts closed $.57 higher at $149.82.

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