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Hogs reversed sharply in the week to 23 October, while a two-week cattle decline accelerated. Heavy weights and weak Chinese pork demand were cited as bearish factors.
Corn, wheat and soybeans kept climbing on South American and Ukrainian supply tightness, Russian dryness and Chinese soybean buying.
Lower livestock prices reduce the appetite for feed in those sectors, while tighter grain supplies lift feed grain costs. The combination squeezes feeders' margins.
grainews.caGFM Network NewsOct 7, 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.
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.
