Loading…
CME live and feeder cattle futures rallied for a fourth session on October 7, reaching multi-week highs on technical buying and a steady cash market. Lean hog futures also firmed.
Traders are weighing economic growth, pandemic-related labor issues at packers and falling COVID cases.
Higher live cattle and hog futures signal firmer meat demand and support feeder and feed-consuming livestock values, though the gain is largely technical.
financialpost.comReutersOct 7, 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.
