New highs last week for cattle futures. New lows this week for hog futures. April 21, 2023
Fed cattle had a bit of a range this week, both higher and lower. The ending trades for the June were +0.80. June is within $2 of the high posted last week. Cash was generally lower than last week's record trade. Cattle on Feed this afternoon should start futures lower on Monday. Feeders posted a big win for the week with the dominant May +4.50. Friday's trade was a new all-time high and a new all-time new high-close.
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