Live Cattle futures hold steady as Lean Hogs surge on strong demand.

Live Cattle futures held steady on the last trading day of August, closing the gap with the cash market as traders looked for buying opportunities. Feeder Cattle futures rebounded from a lower start, supported by tight supplies despite headwinds from higher corn prices keeping cattle weights lower. Lean Hog futures surged $4 over two trading sessions, breaking out of a seven-day sideways trend to bounce off a triple bottom on expectations of growing pork demand through the end of the year. Virginia McGathey of McGathey Commodities breaks down the latest price action, feed cost dynamics, and shifting momentum across the livestock sector.