Live Cattle futures continued to show strength as the April contract settled at 241'62, marking a new high for the move. Feeder Cattle futures also reached their highest levels since late October, while Lean Hogs secured a new contract high. The rally is supported by a firm cash market, with Choice box beef rising to 370'87 and the five area average price for live steers hitting a new yearly high. Despite the upward trend, technical indicators like the RSI remain below overbought territory. Meanwhile, volatility in the livestock complex has been retreating, with Live Cattle CVOL trending near the low end of its annual range.
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