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CME live cattle futures fell for a third straight day on Aug. 26 as the softer cash market in the Southern Plains weighed on prices.
Nebraska cash cattle sold at $125-$127, while Texas and Oklahoma traded at $121-$122. Lean hog futures softened as packers expected more market-ready hogs.
Weak Southern cash trade is pulling down cattle futures despite firmer Northern supplies. Expected increases in hog marketings add pressure on hog prices in coming months.
grainews.caChristopher Walljasper, GFM Network NewsAug 26, 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.
