Cattle, hogs finished last week strong but may find challenges to begin this week

“Live cattle and feeder prices closed strong Friday but may start off with a weaker tone this morning as the U.S. stock market is significantly weaker and the U.S. dollar higher,” the Hightower Report said. “August live cattle expired Friday more than $55 higher than the August 2024 contract.”

“December hogs moved to a new contract high on Friday as open interest increased another 4,650 contracts, keeping the bull camp in firm control,” the Hightower Report said. “However, the market may see some pressure on the opening this morning from a strong upside move in the U.S. dollar.”