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Live cattle cash trade stalled after sales in Nebraska at $117 live, $4 lower than the prior week. The Fed Cattle Exchange sold 156 of 373 head at a weighted average of $117.
Futures rallied strongly, and the national hog base was 0.64 lower at about $45.20.
Lower cash cattle prices and a rebound in futures show both sides pulling back, which may delay active cash trade. Weak cash hog prices indicate softer demand for hog feed.
keyaglivestocklowdown.blogspot.comJWFApr 4, 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.
