Seasonal declineSep 22, 2022
Chicago Mercantile Exchange (CME) live cattle strengthened on Tuesday, supported by strong cash markets and tight supplies of market-ready cattle.
- CME feeder cattle futures eased.
- Cash cattle trade had a firm start to the week, but light in volume.
- Consumer beef prices remain strong, with choice cuts easing and select cuts rising.
CME lean hog futures gained as cash hog prices remained firm – despite lower nearby futures.