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USDA now expects beef prices to post their largest annual increase in decades as tight cattle supplies pressure retail food inflation. Cattle futures rebounded on short covering while lean hog futures stayed in a bearish downtrend.
Tight cattle supplies support live and feeder cattle prices, while weak hog trends reflect softer pork demand and pressure hog values.
Not 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.