Live Cattle futures mixed as Lean Hogs rebound. 5/11/26

Virginia McGathey of McGathey Commodities analyzes the mixed price action in the livestock markets. Live Cattle futures traded in wide daily ranges, with the June contract seeing a $6.63 spread despite cash prices gaining $2 to $4. Feeder Cattle futures continued their decline, falling $22 from their May 1 levels, even as feedlot demand remains strong with packers paying premiums. Meanwhile, Lean Hog futures staged a significant rebound, with the June contract gaining $2.28 to move back above the 100 handle. McGathey notes that higher slaughter rates are contributing to tighter supplies across the hog complex. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/agriculture.html #Livestock #Cattle #Hogs