Loading…
Live and feeder cattle futures closed higher on 29 October, supported by firmer box beef and ahead of the week's direct trade. Cash cattle traded around $106 in the South, steady with the prior week, and feeder cattle rose across contracts.
Hog futures were pressured by concerns about long-term demand.
Firm cattle values support feeder cattle demand for feed, while softer hog prices weigh on swine feed demand. Price direction is mixed across livestock, so the net effect on feed buying is modest.
brownfieldagnews.comMeghan GrebnerOct 30, 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.
