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CME live cattle futures rebounded on Monday after a run of losses, with October live cattle up 0.4 cents to 105.3 cents/lb. Lean hog futures closed slightly weaker amid large supplies.
Weak cash cattle prices and heavy hog supplies keep pressure on livestock futures, which can lower feeder-animal values and reduce demand for feed used in finishing operations.
grainews.caGFM Network NewsAug 31, 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.
