Lean Hog futures fell to 6-year low as Feeder Cattle rose.

Oliver Sloup analyzes the mixed price action across the livestock complex, highlighting divergence between cattle and hogs. Dec Live Cattle futures settled $0.35 lower at $230.85 and Feb dropped $0.77 to $233.57, even as wholesale boxed beef prices remained firm with Choice cuts gaining $4.15 to $333.59 and Select cuts rising $2.55 to $360.11. In feeder cattle, the Jan contract led the complex higher, rising $1.10 to settle at $340.10 as funds expanded their net long position to 10,910 contracts amid news that the CFTC plans to release Commitments of Traders data twice weekly starting in December. Meanwhile, Dec Lean Hog futures slid $2.65 to settle at $62.02, marking a six-year low for the front-month contract as volatility jumped and funds held nearly 47,000 net short contracts.