Live Cattle futures gain as cold storage beef stocks drop 2%.

The livestock complex saw upward momentum today, supported by strong demand and technical factors. Live Cattle futures advanced, with the June contract rising $4.00, buoyed by a 2% year-over-year decline in cold storage beef stocks, though funds are reducing their long positions. Feeder Cattle futures also surged, with the August contract gaining $7.18 amid robust beef demand, although rising crude oil prices remain a key factor to watch for the broader beef complex. In the pork sector, Lean Hog futures found firm footing and technical support after filling an earlier gap, allowing the June contract to bounce 95 cents despite higher cutouts.