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Brock Associates says cattle and hog prices have washed out and are near a bottom, while corn is headed lower as a large share of the crop has moved into marketing channels on delayed-price contracts. The analyst also expects soybeans and soymeal to soften after a drought-driven rally in Brazil faded.
Expected heavier corn marketing and weaker meal prices would lower feed input costs, while a cattle and hog bottom could improve livestock margins for feeders.
feedstuffs.comRichard Brock 2Dec 28, 2023Not 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.
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.
