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Live and feeder cattle closed lower at the CME ahead of the USDA hogs and pigs report, with October live cattle down $0.52 at $143.05. Cash cattle traded from $143 to $145 live, and steer quality at a Missouri auction was excellent.
Hog futures were mostly lower on the day.
Routine price moves with no new supply shock; cattle and hog prices are only mildly weaker ahead of the report.
brownfieldagnews.comMeghan GrebnerSep 28, 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.
