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Analyst Terry Roggensack says the lean hog market needs more bullish export news to hold its rally, while the cattle market remains choppy. The USDA choice boxed beef cutout closed 28 cents lower at $243.40, and estimated cattle slaughter was 122,000 head on December 1.
Cattle market consolidation and uncertain holiday beef demand leave cattle and hog prices range-bound, with limited immediate impact on feed demand.
agriculture.comTerry RoggensackDec 2, 2020Not 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.
