Most-active December live cattle on the Chicago Mercantile Exchange (CME) turned lower for a second day in a row Tuesday, as did lean hog and deferred-month feeder cattle futures.
December live cattle closed Tuesday at 185 cents/lb., down 0.35 cent on the day, while lightly-traded front-month October ended up 0.2 cent at 182.575 cents/lb. (all figures US$).
Most-active November feeder cattle also rose, by 0.7 cent on the day, to 250.35 cents/lb., unable to close above resistance at its 100-day moving average for the sixth trading day in a row.
Front-month October feeders also rose 1.05 cents, to 247.95 cents/lb., while deferred months turned lower.
CME lean hogs slipped lower, with most-active December down 1.05 cents at 71.425 cents/lb. and front-month October down 0.025 cent at 81.95. — Glacier FarmMedia Network
