Live Cattle Futures And Lean Hogs Futures Higher To Start 2015
Live Cattle futures traded higher on Friday to start the New Year.
February Live Cattle was up 2.12 at 165.67, while April Live Cattle settled up about 2.12, trading at 164.57.
March Feeder Cattle settled the day 4.12 higher at 221.45.
Friday's Slaughter was estimated to be 108,000 head versus a year ago at 121,000 head. Lean Hogs traded firm most of Friday; February Lean Hogs settled the day at 81.30 up 0.10.
June Hogs were up 0.45, trading at 92.00, while April Hogs settled Friday's session at 83.50, up 0.22.
Chatter about retail house spreaders buying June and selling April supported June Lean Hogs.
Friday's slaughter was estimated to be 426,000 head versus a year ago at 415,000 head.
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