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Hog futures fell as cash hog prices continued to slide, while live and feeder cattle futures ended mostly higher on spread trade. Cash cattle traded in a light to moderate range with wide price swings.
Falling cash hog prices weigh on lean hog futures and reflect ongoing slaughter backlogs, which pressure hog-based feed demand and feed-buyer margins.
brownfieldagnews.comMeghan GrebnerMay 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.
