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December live cattle closed $0.50 lower at $152.57 and January feeder cattle closed $1.42 lower at $176.87 on November 28. Cash cattle trade was quiet, and lean hog futures also ended lower.
Lower cattle and hog futures reflect routine end-of-week softness, with limited new fundamental cause, so the impact on feed demand is minor.
brownfieldagnews.comMeghan GrebnerNov 28, 2022Not 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.
