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Live and feeder cattle closed lower at the CME on 23 February, while lean hog futures ended higher on firm pork values. Boxed beef closed higher on moderate demand, and estimated cattle slaughter was 122,000 head.
Stronger pork and hog futures support hog-sector feed demand, while cattle trade is routine and carries limited feed price implications.
brownfieldagnews.comMeghan GrebnerFeb 23, 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.
