In the livestock market, Live Cattle futures trended higher, supported by ongoing screwworm concerns that kept beef prices from facing a significant sell-off. The futures maintained their $20 channel over the past three months, with the August contract rising $3.05 to 242.75. Feeder Cattle futures traded sideways, reflecting a relatively light cash trade and mixed box prices, while CVOL registered at 17.2%. Meanwhile, Lean Hogs futures experienced a rebound as short covering lifted the market after prices dipped to new lows for the year. The July contract gained $1.50 to reach 97.65, though sustained momentum will likely require stronger fundamental news.
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