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Lean hog futures closed higher to end the week of June 24. Live cattle were mixed ahead of USDA's On Feed report, with August lives $0.50 lower at $133.37.
Feeder cattle fell on higher corn prices, and cash cattle trade was quiet.
Stronger hog futures reflect a supportive cash market and tighter near-term supply expectations. Cattle prices were mixed, with feeder cattle pressured by higher feed costs.
brownfieldagnews.comMeghan GrebnerJun 24, 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.
