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The Beef Site reports that CME live cattle futures touched a one-month low on November 1, while lean hog futures hit contract highs on strong pork belly and ham demand ahead of the holidays. Choice boxed beef fell $1.26 to $316.34 per cwt, and feeder cattle recovered from a five-week low.
Softer boxed beef and cattle futures signal weaker cattle values, while firm pork cutout and hog demand support lean hog prices.
thebeefsite.comNov 4, 2024Not 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.
