Loading…
Lean hogs closed mostly lower at the CME on profit-taking, while live cattle ended mixed on spread adjustments. Cash cattle trade was light, with Nebraska deals at $95 live and $150 dressed.
Boxed beef closed sharply higher on heavy demand.
Routine session moves driven by profit-taking and spread trade rather than a new supply or demand shock. Lower hog futures reflect ongoing pressure from processing challenges.
brownfieldagnews.comMeghan GrebnerApr 29, 2020Not 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.
