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Money managers are flowing back into agricultural commodities on Argentine drought and expanding US drought from La Niña. In cattle, packers and feeders remain apart in a standoff, with packers at $125/cwt and feeders seeking $128-130, while pork futures have fallen.
Drought-driven feed grain strength raises costs for feeders, while weaker pork futures and softer exports point to pressure on hog and beef prices.
feedstuffs.comKrissa Welshans 1Feb 16, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
