Cattle futures chart the latest cattle futures chart shows

The latest cattle futures chart shows live cattle contracts holding near $183.50, with marginal upward pressure driven by tight feedlot supplies and steady wholesale beef prices. Traders are monitoring slaughter rates closely for potential Q3 price accelerations. Oil prices fell in June, with NYMEX WTI futures declining 8.90% and ICE Brent futures moving 6.31% to the downside in volatile trading. Gasoline and heating oil futures posted 4.24% and 13.98% gains, sending cracks in opposite directions for the month. The gasoline crack spread declined, while the distillate refining spread moved substantially higher. The conflict in the Middle East between Israel and Iran and the U.S. bombing of Iranian nuclear infrastructure sent prices higher, but the ceasefire caused a significant selloff from the June highs. While crude oil and oil products were higher in June, they were in mostly bearish trends at the end of the month. Commercial pork production is expected to continue growing steadily the next 10 years. Pork production is estimated to reach a record 28.5 billion pounds in 2025 and to grow 10 percent through 2034, reaching 32.6 million pounds as per-capita domestic consumption climbs. Live hog prices are projected to rise to $60.07 per hundredweight in 2026 and to $63.77 by 2028 before gradually declining to $50.14 by 2034. USDA projections suggest tighter Q4 inventories could underpin a sustained rally.