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June live cattle futures closed $0.67 lower at $165.05 and August lives closed $0.70 lower. Lean hog futures were also pressured by demand uncertainty, while boxed beef closed mixed with Choice up $2.80.
Lower cattle and hog futures reflect uncertain demand at the start of a quiet cash trade. Choice beef strength offers some support to cattle prices.
brownfieldagnews.comMeghan GrebnerMay 22, 2023Not 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.
