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Hog futures were supported by strong cash business while cattle futures ended mixed. Weather forced cancellations of cattle sales across the country, and receipts fell sharply.
Boxed beef rose on good demand for light offerings.
Weather-related sale disruptions are a short-term supply factor with limited effect on feed demand. Cattle and hog markets remain firm overall.
brownfieldagnews.comMeghan GrebnerFeb 17, 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.
