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CME live cattle futures fell on Wednesday as boxed beef cutout values declined ahead of the US Labor Day holiday. Feeder cattle ended mixed, and lean hog futures closed higher as consumers may be trading down to cheaper pork.
Weaker wholesale beef weighed on live cattle, while pork's gain on trade-down demand supports hog values. Feed buyers face softer cattle values but firmer pork demand.
thecattlesite.comMelanie EppAug 29, 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.
