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CME cattle futures stabilized near recent highs on Thursday, supported by strong cash markets and speculative buying. Hog futures fell as soybean futures rallied to a nearly 10-year high, raising feed cost concerns.
Soybean rally lifts feed costs, weighing on hog prices, while firm cash cattle markets keep cattle futures elevated.
thecattlesite.comGlobal Ag MediaJun 9, 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.
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.
