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Lean hog futures were at premiums to cash, with pork carcass values rising. Analysts cite pork's lower price relative to beef and plentiful supply, while packers have cut cattle slaughter and Texas panhandle fires were reported.
Pork's price advantage over beef supports consumer demand, while reduced cattle slaughter tightens beef supply and supports cattle prices.
archerfinancials.comChris LehnerFeb 28, 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.
