Loading…
CME lean hog and cattle futures fell on Tuesday despite strong cash hog prices, solid boxed beef movement and firm packer demand. The CME Lean Hog Index rose to $104.93 per cwt while June and August live cattle and August feeder cattle contracts declined.
Futures weakness despite firm cash and boxed beef prices suggests traders are pricing in risk-off sentiment and possibly a softer fall cattle market, which may lower the cost of finished cattle and feeder inputs.
thecattlesite.comGlobal Ag MediaMay 31, 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.
