Loading…
Lean hog futures rose on January 20 while cash cattle traded at $108 to $110 per cwt, described as steady and disappointing. Feeder cattle producers faced higher costs from holding animals while feeding corn near $5 per bushel.
Higher corn prices raise feeding costs, which pressures cattle feeders and supports hog prices. Day-to-day price moves in this wrap do not signal a new supply or demand change.
dtnpf.comRick KmentJan 21, 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.
