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Live cattle and feeder cattle futures rose at the CME on Monday, with April live cattle up $0.35 and March feeders up $1.60. Lean hog futures fell sharply, and cash feeder steer and heifer prices at Lexington were steady to higher.
Firm cattle prices and strong feeder demand support feeder values, while weaker hog futures signal softer pork pricing pressure for buyers.
brownfieldagnews.comFeb 6, 2023Not 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.
Brownfield reports live cattle futures rose at the CME on Monday Feb 6, the day of the move, showing continued buying momentum.
