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Hog futures fell on profit-taking while cattle futures closed higher on follow-through buying. August live cattle closed $0.55 higher at $101.45 and August feeder cattle closed $1.27 higher at $141.97.
Cash cattle trades and boxed beef prices were mixed.
Routine price wrap with no new fundamental driver; cattle strength modestly supports feeder cattle demand for feed while hogs soften.
brownfieldagnews.comMeghan GrebnerJul 29, 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.
