Chicago Mercantile Exchange (CME) feeder cattle futures firmed on Wednesday, seeing a boost from weakness in the grain market and as the trade tried to spur ranchers to rebuild their herds, analysts said.
Live cattle futures eased on profit-taking and weaker-than-expected cash trades
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
There are always several late fall projects to complete before the ground freezes
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