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February live cattle closed $.37 higher at $157.95 and feeder cattle rose, while lean hog futures finished mostly lower on fund liquidation and long-term demand uncertainty. Choice boxed beef closed $1.80 lower at $269.64 on light demand.
Mixed cattle and hog moves with softer boxed beef point to routine price movement without a new supply or demand shock for feed demand.
brownfieldagnews.comMeghan GrebnerJan 24, 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.
