Loading…
CME February live cattle and March feeder cattle futures fell in the week ending January 7 as slaughter ran about 24,000 head behind year-ago levels. Lean hogs also faced soft slaughter but found support from smaller live hog inventories.
Wholesale beef prices gained on tighter processing.
Slow slaughter tightens beef and pork supply, supporting wholesale prices, but weaker cattle futures signal softer near-term demand for feed-fed animals and grain.
thepigsite.comMelanie EppJan 10, 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.
