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Live cattle futures rose on firm cash markets while hogs ended mixed. USDA priced choice boxed beef at $327.90 per cwt, down $1.33 from the prior day, and select cuts fell $1.75 to $296.68.
Firm cash cattle prices support futures even as wholesale beef continues its seasonal summer decline, so packer margins are squeezed.
reuters.comJulie IngwersenJun 28, 2023Not 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.
