Livestock futures closed the month with broad-based losses driven by shifting fundamental factors across the agricultural sector. Live Cattle futures slid as traders proactively repositioned ahead of an anticipated deceleration in consumer demand, looking to manage risk before the shift fully materializes. In the feeder complex, Feeder Cattle futures plunged significantly as a sagging cash market effectively sidelined aggressive buyers, making packer purchasing activity exceptionally difficult to find. Meanwhile, Lean Hog futures faced heavy fundamental resistance from an ongoing domestic supply glut. Plentiful inventory levels coupled with a distinct absence of supportive new fundamental data left the hog market soft and vulnerable to wrap up the month's trade.
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