Oliver Sloup breaks down the livestock market, highlighting a strong weekly finish for Live Cattle and Feeder Cattle futures despite a broader risk-off tone in equities. The discussion covers the positive reaction in Lean Hog futures following a friendly Hogs and Pigs report, alongside firmer wholesale boxed beef prices. Sloup also reviews the five-area average price for live steers, notes the week-to-date slaughter trailing last year's pace by 73,000 head, and observes a slight dip in CVOL for both Live and Feeder Cattle.
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