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Lean hog futures ended lower on concerns that domestic pork demand could come under pressure. Live and feeder cattle closed higher ahead of the week's cash trade, with October live cattle at $180.82 and boxed beef Choice lower at $313.79.
Softer pork demand weighs on hog prices and feed demand for hogs, while firm cattle prices support the beef complex. The routine nature of this wrap means the price move has no new fundamental cause.
brownfieldagnews.comMeghan GrebnerAug 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.
