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The closing livestock summary reports the national hog base down $0.90 with lean hog contracts crashing on supply and demand fears. Live cattle closed moderately lower, beef cutouts rose, and corn gained after crop ratings fell to 72% good to excellent.
Falling hog base and weaker export outlook pressure hog prices, while lower corn condition ratings support corn values.
keyaglivestocklowdown.blogspot.comJWFJul 17, 2018Not 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.
Closing summary of 2018-07-17 describes lean hog contracts crashing on supply and demand fears, directly describing the day's move.
