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Live cattle futures lost ground through the Monday session, with October live cattle the only contract higher as it converged to cash. Hog futures rose after a run of gains, as African swine fever reports continued to surface.
African swine fever reports support lean hog prices by raising concern about export demand and supply disruption, while cattle futures stay under pressure.
keyaglivestocklowdown.blogspot.comJWFOct 29, 2018After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
After 70 past bearish disease events, Live Cattle moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.0%), and +0.4% over 20.
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.
