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Live and feeder cattle futures were supported by stronger direct cash trade and lower corn, while lean hog futures came under pressure after a sluggish weekly export sales report. June live cattle closed $1.27 higher at $139.90 on the CME.
Weak pork export demand reduces support for hog prices, while lower corn supports feeding margins for cattle and hog producers.
brownfieldagnews.comMeghan GrebnerApr 21, 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.
