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December live cattle futures neared $1.28 per pound, the highest since mid-June, after a sharp weekly rally. Lean hog futures reached a three-month high as expensive pork supported beef demand.
Analysts warned that beef demand may not keep pace with the rally.
Fund buying pushed cattle and hog futures higher, but weak underlying beef demand raises the risk of a sharp reversal in livestock prices.
news-journal.comWalt Breitinger, Alex BreitingerNov 5, 2017Not 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.
