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Cattle and hog futures closed lower on follow-through selling and weaker cash cattle trade. August live cattle fell $0.47 to $134.92 and August feeder cattle fell $2.55 to $176.35.
Cash deals for the week were about steady with prior weighted averages.
Softer cash trade signals weaker near-term demand for live animals, which pressures futures prices across cattle and hogs.
brownfieldagnews.comMeghan GrebnerJul 15, 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.
