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Lean hog futures closed lower on cash and wholesale pressure, with December hogs at a weighted average of $70.35. Live cattle were mixed and feeder cattle rose, with boxed beef Choice up $1.88.
Lower cash and wholesale hog prices reflect weak near-term demand for pork, while mixed cattle moves show no strong new directional driver for feed demand.
brownfieldagnews.comMeghan GrebnerNov 20, 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.
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.
