Reading Time: 2 minutes Chicago Mercantile Exchange lean hogs turned higher on a technical bump on Friday, and cattle futures were mixed on moderate cash trades, traders said.
Live cattle ended the day down, feeder cattle were up
Lean hog futures ended the day mixed
The trade is expecting a smaller hog herd, Reuters survey shows
Lean hog futures also ended the day lower
Some feedlots becoming backed up with heavier cattle, setting negative tone for feed complex
Lean hogs end slightly down after early jump
Gains in the stock market supported livestock futures, analyst says
Live cattle futures have bounced a bit after sinking last week to a 14-month low
"I think we're still trying to hunt for a bottom": analyst
Feedlot operators gearing up for shortfall in overall numbers in the first half of 2024