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Lean Hogs Higher, Live Cattle Steady

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Monday's USDA hog slaughter was 435,000 head versus a year ago at 397,000 head. Lean Hogs futures traded higher and choppy on Monday after a weak open. June Hogs were trading at 75.42, up 0.42. August Lean Hogs were trading at 77.25, up 0.67. April Hogs were trading at 61.32, up 0.20.

Market talk about selling in June by spreaders and commercial activity pressured Hogs near the highs of the session.

Monday USDA Cattle slaughter was 109,000 head versus a year ago at 116.000 head. After a higher open, Live Cattle traded choppy and a little lower. Market chatter about demand concerns surfaced due to more poultry and high priced beef. June Live Cattle was trading at 152.75, down 0.22. August Live cattle was trading at 149.95.

 

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Posted-In: cattle hogsFutures Commodities Markets

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