Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures continued climbing Tuesday, with most-active June live cattle again reaching a new contract high.
CME June live cattle closed Tuesday at 163.95 cents/lb., up 0.25 cent on the day, while lightly-traded front-month April also closed at a new contract high of 172.3 cents, up 0.925 cent on the day (all figures US$). August rose 0.35 cent, to 163.25 cents.
CME’s most-active May feeder cattle rose 2.2 cents on the day to close at 207.825 cents, while front-month April rose 1.175 cents, to 202.1.
Among lean hog futures, most-active June again turned lower Tuesday off the previous day’s bump higher, closing at 87.85 cents/lb., down 1.3 cents on the day.
April hogs were slightly lower for a second day, closing Tuesday at 73.05 cents, down 0.325 cent on the day but still up from last Tuesday’s contract low. — Glacier FarmMedia Network
