Loading…
Lean hog futures were lower ahead of the USDA Quarterly Hogs and Pigs report, while cattle futures rose on optimism about direct cash trade. April live cattle closed $0.87 higher at $165.82 and feeders also gained.
Boxed beef closed lower on light demand.
Weaker hogs reduce hog-sector feed demand, while firmer cattle prices support feedlot margins and demand for feed grains and co-products.
brownfieldagnews.comMeghan GrebnerMar 29, 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.
Cattle and feeder futures rose March 29 on optimism over direct cash trade, adding to the window's gains.
