Livestock Futures Close Mixed as Feeder Cattle Holds Firm

Virginia McGathey covers today's livestock market activity. Live Cattle futures saw a mixed day, closing near unchanged with box prices sharply lower, while lower WTI Crude Oil futures prices offered some support to the beef complex. Feeder Cattle futures remained firm, hovering near highs due to steady consumer demand and mirroring yesterday's trading range. Lean Hogs futures experienced a sharp drop, lacking fundamental support to maintain recent levels as short covering appears to have ended.