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CME cattle futures fell on October 3 on technical selling and demand concerns. December live cattle dropped below its 200-day, 40-day and 50-day moving averages, and most-active lean hog futures fell for a third session after a larger-than-expected government supply report.
Technical breaks and bearish supply signals weigh on live cattle, feeder cattle and hog prices, reducing feed demand from livestock producers.
thebeefsite.comMelanie EppOct 3, 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.
