Loading…
CME live cattle and lean hog futures eased on Tuesday on softer holiday demand after cattle hit three-week highs the prior day. USDA data showed frozen beef stocks fell 3% from September to 509.9 million pounds, while frozen pork belly stocks were up 246% from a year earlier.
Lighter holiday demand and bigger pork belly stocks weigh on near-term cattle and hog prices, though tight cattle supply limits downside.
thecattlesite.comMelanie EppNov 23, 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.
