Chicago Mercantile Exchange hog futures edged down on Thursday, as traders monitored slower-than-anticipated slaughter rates and an unexpectedly low supply of market-ready hogs, analysts said.
Cattle futures on the Chicago Mercantile Exchange were mixed Wednesday, with gains in the feeder market and a steady tone in the live cattle market as values retreated from earlier advances.
Chicago Mercantile Exchange live cattle and feeder cattle resumed their downward trend today after gains on Monday. Most active April live cattle settled at 196.000 cents per pound, down 2.125 cents. June live cattle were down 1.825 cents to 191.375 cents per pound.
Chicago Mercantile Exchange cattle futures made gains today as trends indicate that while contracts have backed away from record highs, market fundamentals remain solid.
Live and fed cattle futures on the Chicago Mercantile Exchange posted small gains on Friday but ended the month off the contract highs hit earlier in the week.