Cattle futures rally while slaughter totals trend lower. 5/6/26

Oliver Sloup provides a midweek update on the livestock markets, noting a broad rally in cattle while hogs continue to struggle. June Live Cattle futures gained 25 cents to settle at 253.47, with August contracts also showing strength as trade volume picks up. Feeder Cattle futures followed suit, with the August contract rising 75 cents. In contrast, Lean Hog futures faced another lower session, led by a $1.72 drop in the June contract. The report also highlights a softer wholesale box beef market and a significant year-over-year decline in daily slaughter numbers. Additionally, Sloup breaks down the latest CVOL data across the livestock complex. Learn about trading futures and options at CME Group: https://www.cmegroup.com/markets/agriculture.html #Cattle #Hogs #Livestock