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CME livestock futures turned lower on July 29, with cattle falling on profit-taking and uncertain fall beef demand, while hogs eased as ham cutout prices dropped sharply. Corn futures initially supported cattle before recovering, raising feed cost concerns.
Growing fall pork supplies and weak seasonal hog trends pressure deferred hog futures, while rising corn costs weigh on feeder cattle margins.
thebeefsite.comJul 30, 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.
