Re-Opened Restaurants and Summer Grilling Spells Hope for Near-Term Livestock Price Volatility

Commodity market volatility has continued throughout the livestock sector causing some concern among producers. Daily trading ranges have been exceptionally noteworthy — the recent $2 drop within the dairy complex is just one example. Hog futures have continued to climb, recently surging over $123, as restaurants re-open and grilling season commences. Cattle futures have stayed steady with increases as well, but recent feed price increases and deteriorating pasture conditions across the U.S. have dampened some of the progress. Get a full snapshot of current market conditions.