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Lean hogs were supported by gains in pork cutout values, while live cattle ended mixed to lower ahead of the Cattle on Feed report. Cash cattle trade was light to moderate, with dressed deals in the North mostly at $160.
Feeder cattle were mostly lower.
Higher pork values support hog futures and signal firmer packer demand for hogs. The move is a routine session update rather than a new supply shock.
brownfieldagnews.comMeghan GrebnerApr 23, 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.
