Loading…
CME live cattle futures fell from contract highs on November 30 as Omicron variant worries rattled markets, with February live cattle down 1.4 cents to 137.9 cents/lb. Lean hogs and grains also declined on risk-off trading, and cash cattle eased to $138/cwt in Texas.
Risk-off selling spilled from financial markets into livestock futures, though tight cash supplies keep the underlying cattle price trend firm.
agcanada.comAGCanadaDec 1, 2021
reuters.comTom PolansekNov 30, 2021Not 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.
