
Pro Farmer advises livestock producers to cover corn and soymeal needs through April as corn trends higher on fertilizer supply concerns. April lean hog futures fell 7.5 cents to $90.825, closing at a nine-week low.
Cattle futures pushed higher late in the session, and US pork export sales rose 43% week over week.
Fertilizer shortages tied to the Iran war support corn prices, raising feed costs for livestock producers. Firmer soymeal demand reinforces that cost pressure, while hog futures remain under pressure.
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.
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.