6/3/2025 Market Commentary
Live Cattle and Feeder Cattle futures began the day sharply higher and posted new contract highs in many of the deferred Live Cattle contracts, before a quick sell-off that settled all contracts lower on the day. Lean Hogs also posted new contract highs in the deferred contracts, while the front months remain in line with the Lean Hog index. Corn futures continue to struggle to find strength as the U.S. weather outlook looks favorable for the growing crop.