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Hog futures were supported by strong US pork export sales on Dec. 16, 2021.
February live cattle closed $0.47 higher at $137.05, while January feeder cattle closed $0.85 lower. Cash cattle trade was light, with deals mostly $136 to $138, $3 to $4 below the previous week.
Strong export demand for pork supports hog prices. Mixed cattle moves reflect light cash trade and do not signal a clear shift in cattle supply or demand.
brownfieldagnews.comMeghan GrebnerDec 16, 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.
