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CME live cattle futures firmed on December 1, 2022, with February live cattle up 0.87 cent to 155.675 cents per pound. Lean hog futures also rose as February hogs gained 1.2 cents to 85.35 cents.
Strong cash cattle and steady slaughter pace support livestock values, while firm hog futures on ample supplies signal steady demand for feed from producers.
thebeefsite.comMelanie EppDec 1, 2022Not 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.
