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A light direct cash cattle trade occurred in the South at $100 live, about $2 to $3 below the prior week. Boxed beef was weak on light demand, and cash hogs opened lower on heavy supplies and limited export demand for US pork.
Lower cash cattle and hog prices reflect weak wholesale demand and large supplies, which push live cattle and lean hog futures lower.
brownfieldagnews.comMeghan GrebnerSep 5, 2019Not 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.
Light cash trade at $100, $2-3 lower, and weak boxed beef on light demand signaled lower packer bids and pressured futures.
