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Hog futures closed higher as pork values rose during the session, with June lives up $0.30 at 175.67. Cash cattle trade was light to moderate at 182 dollars live in the South and 183 in the North, and feeder cattle were mixed.
Higher pork values support hog futures and suggest firmer pork demand, which can help hog prices and producer margins.
brownfieldagnews.comMeghan GrebnerApr 19, 2024Not 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.
