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Wisconsin's livestock specialist reports cautious optimism in meat markets, with cash cattle up $2 to $3 and the beef cutout at $233.95 on January 29. Hog and cattle supplies are expected to tighten as the butcher hog backlog clears.
Tightening hog and cattle supplies and a high beef cutout support livestock prices, while rising input costs limit feeder margins.
midwestfarmreport.comPam JahnkeFeb 8, 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.
