Livestock Futures Face Pressure Amid Demand Concerns

Virginia McGathey discusses the latest movements in the livestock markets, noting that Live Cattle futures trended lower for the sixth consecutive day amid demand concerns tied to high fuel prices. Feeder Cattle futures also saw declines as the market monitors the screwworm's proximity to the Mexican border and potential impact on the U.S. Meanwhile, Lean Hog futures experienced a mixed session, supported by expectations of a tightening hog run, which helped keep futures off their recent lows. CVOL metrics across the livestock complex remain stable between 18 and 19.3 percent.