Live Cattle futures fell as selling momentum increased. 3/2/26

Live Cattle futures faced downward pressure as selling momentum broke through support levels. Market weakness was exacerbated by uncertainty surrounding a plant strike and lower cash issues. Despite the decline, option open interest remained significant at the 240 strike, with 1,200 added to the call side. Feeder Cattle futures also experienced liquidation earlier in the session, though prices managed to recover some ground by midday. April Feeder Cattle futures settled at 345.65. Lean Hogs futures displayed mixed results, with trade action remaining largely sideways over the last few days. Strong export sales and domestic demand provided a firm floor for the market, even as external influences and geopolitical volatility continued to impact the broader beef complex. https://www.cmegroup.com/markets/agriculture.html #Livestock #Futures #CMEGroup