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Lean hog and cattle futures declined as uncertain consumer demand and feed costs weighed on prices. USDA reported 482,000 hogs slaughtered on Monday, pointing to rising hog weights and faster production.
Higher slaughter and heavier weights signal potential hog oversupply, which pressures hog prices and reduces near-term demand for feed in hog production.
swineweb.comJim EadieJul 31, 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.
