Live Cattle futures experienced strong upward momentum today following yesterday's closure of the U.S.-Mexico border to imports. This supply-side disruption triggered aggressive buying, driving prices up $10.93 from yesterday's session lows, with the August contract settling up $3.70 at $245.22. Feeder Cattle futures also gained ground as market participants filled technical chart gaps. Following a limit-up finish in the previous session, trading limits expanded to $16 today, helping August feeder cattle reach an intraday high of $358.75 before closing near unchanged. In contrast, Lean Hog futures faced heavy pressure as softening cash and cutout values erased most of the week's gains. The July contract plummeted $2.95 to settle at $98.65, trading within 40 cents of a fresh low for 2026. Traders remain focused on evolving trade dynamics, technical gaps, and livestock market fundamentals heading into next week.
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