Cattle futures slid as hog futures posted modest gains

Live and Feeder Cattle futures extended their recent declines, with August Live Cattle settling near its 200-day moving average at 231.42 and August Feeder Cattle dropping to 348.80. In contrast, Lean Hog futures found support late in the session, with August contracts gaining 0.35 to settle at 98.45. Meanwhile, daily slaughter figures totaled 105,000 head, down 7,000 from the prior year, as the latest Commitments of Traders report showed managed money reducing net long positions across both cattle markets.