Cattle futures traded mixed. Live cattle contracts ended .80 higher to 1.225 lower. June live cattle ended at 138.05 down 1.20 while Aug live cattle were down 1.225 to 137.35. Feeders ended the session .90 higher to 0.45 lower. May ending down .45 at 183.50 while Aug feeders ended down .15 to 190.325.
Lean Hog futures ended Friday 3.00 higher to 1.25 lower. The July contract ended the day’s trading at 121.975 down 0.725 after making a fresh 2-week low. Pork processors bid steady to 1.00 lower Friday amid demand concerns. USDA reported a 1.81 decline in wholesale pork prices on Thursday. Buying interest was scarce, but the lingering effects of PED virus offered underlying support.
Milk futures ended the session Friday .04 higher to .27 lower. All the 2014 futures ended in negative numbers with nearby May down .10 at 27.75 and June down .27 at 21.55. The only gains recorded Friday were Feb. and March 2015. Both contracts gained .04 while all remaining contracts ended even for the day.