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CME live cattle futures rose on Friday as packers sought to move market-ready cattle amid heat stress on the US Plains, with October live cattle up 0.45 cents. October lean hogs slid 0.65 cents and fell 2.8% for the week, as seasonal pressure outweighed producer concerns about herd expansion.
Heat-related weight losses tighten cattle supply, supporting beef prices, while seasonal hog weakness and expected herd growth weigh on hog values. Neither move reflects a major new supply shock.
thepigsite.comMelanie EppAug 27, 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.
