Live Cattle and Feeder Cattle futures trended higher.

Livestock futures exhibited resilience today as Live Cattle and Feeder Cattle futures moved higher despite bearish report data. Virginia McGathey notes that the market appears to have already factored in recent bearish indicators, allowing the prevailing uptrend to continue. Feeder Cattle futures remained firm even with placements coming in 4% above estimates. Additionally, Lean Hog futures found support from a rise in pork cutouts, which bolstered trader confidence. CVOL data across the sector indicates a slight moderation in volatility compared to the previous week, while prices across multiple contract months reached new session highs.