Loading…
US lean hog futures rose for the seventh time in eight sessions to a four-month high on concerns about tight supplies. The cash pork cutout rose $2.01 to $88.87 per hundredweight.
Live cattle futures were mixed, and weekly beef export sales totaled 17,500 tonnes.
Tight hog supply supports prices and sustains demand for feed. The cattle market is mixed, so feed demand from cattle feeders is steady.
agcanada.comAGCanadaFeb 12, 2021
grainews.caMark Weinraub, GFM Network NewsFeb 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.
