Live cattle futures rose, with April futures up $1.65 to $237.25. Feeder cattle futures gained $3.35 to $367.425. Cash cattle trading saw steers averaging $239.91 and heifers $239.85. U.S. stock market instability is noted, but cattle futures remain bullish. Cattle inventory report shows herd decline, heifer retention for rebuilding.

Hog futures saw a weekly increase, with lean hog futures up $2.80 to $97.95. The CME lean hog index is up to $83.38, supporting higher futures prices. Pork market fundamentals improve, with exports showing mixed results. Cash hog, futures, and pork markets need better numbers to sustain current levels.

Barchart readers can reach out to Jim Wyckoff via email at [email protected]. He does not hold positions in the mentioned securities. Information is for informational purposes only. Source: Barchart.com.

Read more at Yahoo Finance: Cattle, Hog Bulls Still Have an Edge. What Needs to Happen for Prices to Keep Climbing.