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Cattle futures retreat on technical selling - CME
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The Cattle Site
Cattle futures retreat on technical selling - CME Lean hog June contracts close higher16 May 2025 16 May 2025 1 minute read 1 minute read By: By: Global Ag Media North AmericaChicago Mercantile Exchange (CME) live cattle and feeder cattle futures sank on Thursday on a technical retreat after shooting to contract highs earlier in the week, reported Reuters, traders said.
Futures prices have set all-time highs since Washington over the weekend added to supply worries by suspending cattle imports from Mexico over an outbreak of New World screwworm in Mexican cattle.
CME August live cattle futures fell 3.525 cents to 205.85 cents per pound.
August feeder cattle futures sank 6.15 cents to end at 295.825 cents per pound.
CME lean hog June contract closing 1.85 cents higher to 100.70 cents per pound on a higher pork cutout and strong cash trade, analysts said.
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