⁍ CME October live cattle added 0.70 cents to end at 107.95 cents per pound.
⁍ October lean hog futures settled 2.850 cents higher at 53.825 cents per pound.
⁍ September feeder cattle added 0.275 cents to end at 145.4 cents per pound.
– The US Department of Agriculture estimated Monday’s cattle slaughter at 117,000 head, up 3.5% from a week ago. An estimated 482,000 hogs were slaughtered, 15% more than the 420,000 a week prior. “I think the weights are coming down a little bit, and guys are moving hogs a little quicker,” a broker tells Reuters. “Why keep feeding them, keep losing money? ”
Source: https://www.reuters.com/article/usa-livestock/livestock-live-cattle-gains-on-cash-market-strength-idUSL1N2FC1RE