CME December live cattle futures settled 5.35 cents lower at 220.95 cents per pound, their weakest close since October 6, as weaker cash prices and fund selling pushed contracts down. Lean hog contracts also hit new lows amid abundant pork supplies.
Fund liquidation and weaker cash trade pressure cattle values, and abundant pork supplies weigh on hog prices, reducing livestock sector margins for feed buyers.
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.
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