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Cash cattle trade was quiet at midday on February 1 with most deals expected later in the week, and boxed beef was sharply higher on good demand. Cash hog prices were lower as ample supply of market-ready hogs pushed daily slaughter higher.
Ample hog supply pressures hog prices and reduces meat-to-feed demand near term, while firm boxed beef supports cattle values.
brownfieldagnews.comMeghan GrebnerFeb 1, 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.
