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CME live cattle futures eased on Monday, though back-month contracts hit new contract highs. Cattle slaughter was 112,000 head, down 4,000 from a week earlier.
February hogs also fell.
Slightly lower front-month cattle prices reflect routine profit-taking, while strong back-month prices signal expectations of tighter supplies later in 2022. The day's move is minor for feed demand.
financialpost.comReutersJan 3, 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.
