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Cattle and hog futures on the CME were mixed, with December live cattle up $0.30 and December lean hogs up $0.55 at $71.72 on end-of-month short covering. Cash hogs closed mixed, mostly higher, and boxed beef values were lower on the day.
Routine market wrap showing small moves; the lean hog futures bounce is short-covering rather than a change in demand, so the broader pork price pressure remains intact.
brownfieldagnews.comBrent BarnettOct 31, 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.
