Loading…
CME live cattle and lean hog futures turned higher on April 9 as wholesale beef prices kept firming. Choice boxed beef cutout rose to $302.70/cwt, and cash cattle trades were reported at $182 to $186/cwt.
Traders also noted rising slaughter weights and China's hog sales increase.
Firm cutout values support cash cattle and futures, and signal steady beef demand. Hog futures also gained on signs of stabilising Chinese herd numbers.
marketscreener.comMarketScreenerApr 9, 2024Not 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.
