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Hog futures fell as demand concerns weighed on the market. October live cattle closed $0.45 lower at $125 and December live cattle at $130.02, while feeder cattle were lower ahead of Friday's On Feed report.
Boxed beef closed higher on moderate demand.
Softer cattle and hog prices reduce feedlot and hog-producer margins, which can trim demand for feed grains and meal.
brownfieldagnews.comMeghan GrebnerOct 19, 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.
On Oct 19, hog futures were pressured by demand concerns, coinciding with the end of the move window.
