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Chicago cattle and hog futures closed mixed on 16 November, with December live cattle up $0.50 and February down $0.20. Cash feeder cattle traded higher on lighter calves, and boxed beef rose on good demand.
Hog futures were mixed on concerns about long-term demand.
Firm boxed beef and cattle prices support feeder cattle values, while hog demand concerns keep pork prices under pressure ahead of the Cattle on Feed report.
brownfieldagnews.comMeghan GrebnerNov 17, 2020Not 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.
Directly describes 16 Nov cattle futures trading, with higher cash feeders and stronger boxed beef on good demand providing support for the day's rise, though December live cattle gain was modest at $0.50.
