Cattle futures today slaughter pace improving week-on-week

Slaughter pace improving week-on-week is giving cattle futures today added confidence, as packer capacity utilization hits quarterly highs. Futures may trend higher if throughput remains elevated. Jack Daniel’s says it’s protecting its long-term future, even if that means risking connection with a local tradition that helped define the brand for decades. Fundamental analysis: More profit-taking pressure from the shorter-term speculative traders was featured in lean hog futures today. Today marks the third straight session of price losses, which suggests the bulls are now exhausted and that a market top may be in place. Analysts highlight that cattle futures today benefit from a favorable feed-to-beef price ratio, encouraging steady herd feeding programs and supporting forward contracts.