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CME live cattle futures rose on July 14, 2017, supported by direct cash business, with August up $0.37 to $117.80. Feeder cattle gained $1.25 and lean hogs fell in cash trade, while Choice boxed beef closed down $0.50.
Firm cash cattle and feeder prices point to steady feedlot demand and support for cattle values, while weaker boxed beef limits upside. Hog cash weakness signals softer near-term pork pricing.
brownfieldagnews.comJohn PerkinsJul 14, 2017Not 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.
