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CME live cattle rose on August 11 as choice boxed beef gained $1.15 to $208.35/cwt, and feeder cattle jumped. Lean hogs retreated after a two-month high, with supplies of US hogs seen as too large.
Rising beef prices support cattle values ahead of Labor Day, while oversupplied hog markets pressure pork prices and reduce feed demand from hog producers.
grainews.caGFM Network NewsAug 11, 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.
