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Lean hog futures closed lower on profit-taking while cattle markets were mixed. Live cattle and feeder cattle closed slightly higher on the day, and cash cattle trade was light.
Profit-taking points to a short-term pause in the hog rally, though the broader supply picture is unchanged. Cattle feeders face steady-to-firm prices with light cash trade.
brownfieldagnews.comMeghan GrebnerApr 30, 2021Not 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.
