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CME live cattle futures closed lower on Oct. 1, extending a six-session slide on lackluster cash trade and falling wholesale beef prices.
Lean hog futures closed mixed after a strong prior week driven by the bullish quarterly Hogs and Pigs report.
Weaker boxed beef values give packers leverage to hold cash cattle prices down, which weighs on feeder demand. Hog futures remain supported by the tight hog supply signaled in the quarterly report.
financialpost.comReutersOct 1, 2021Not 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.
