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On July 28, cash hogs closed mostly lower and August lean hog futures fell $1.77 to $105.70. August live cattle rose 15 cents to $123.07 while feeder cattle fell 52 cents.
Estimated cattle slaughter was 120,000 head, slightly above the prior week.
Lower hog futures and a slightly larger cattle slaughter weigh on prices, though strong wholesale pork and beef values give support.
brownfieldagnews.comTom SteeverJul 28, 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.
