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Hog futures were supported by higher pork values while live and feeder cattle ended mixed. Light direct cash cattle trade in the South and North held near recent levels.
Auction receipts were down, with solid demand for feeder cattle.
Routine price moves with no new supply or demand shock. Cattle and hog prices are steady, so feed demand is unchanged.
brownfieldagnews.comMeghan GrebnerFeb 12, 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.
