CME feeder cattle futures fell to extended daily limits ahead of the long weekend, with August dropping $12.25 to 344.27. Live cattle were near unchanged on tight cash supplies.
Lean hog futures stabilized and rebounded from multi-month lows.
Heavy liquidation in feeder futures weakens feeder cattle values, while the hog rebound suggests firmer near-term pork pricing. Feeder buyers should expect continued volatility until the USDA report clarifies supply.
Not 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.