Chicago Mercantile Exchange’s most-active June live cattle and lean hog contracts continued on a downward track in Monday’s trade.
June live cattle closed Monday at $155.525, beneath the lower end of its 20-day Bollinger range and down 87.5 cents from Friday’s close (all figures US$ per hundredweight).
Front-month April, meanwhile, opened near its 50-day moving average but closed down 30 cents from Friday at $162.05.
In CME feeder cattle contracts, most-active May closed Monday at $199.15, down 80 cents, while lightly-traded front-month March closed at $188.20, down 65 cents.
June lean hogs also continued to drop through the lower end of their 20-day Bollinger range, closing Monday down $1.45 at $91.875, as did front-month April, closing down $2.10 at $77.75. — Glacier FarmMedia Network
