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CME feeder cattle futures extended gains to their highest continuous level since November 2015 as technical buying followed two prior sessions of rallies. August live cattle settled at 136.875 cents per pound and August lean hogs rose to 110.5 cents, their highest since April.
StoneX expects sharply reduced USDA beef production into late 2022 and 2023, which supports cattle prices; lean hog strength reflects firm cash prices.
thecattlesite.comGlobal Ag MediaJul 13, 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.
