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Live cattle futures have been consolidating while waiting for cash cattle prices to catch up, with Kansas cash trades near $132/cwt. The boxed beef cutout fell to $282.13, its lowest since October 22.
The article calls lean hog futures bullish.
Softer boxed beef values limit near-term upside for live cattle, while hog futures strength supports lean hog prices into the holidays.
agriculture.comTerry RoggensackNov 17, 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.
