Loading…
Direct cash cattle trade was steady to lower at midday with Nebraska dressed deals at $287 to $288. Boxed beef rose, with Choice up $1.19 to $295.19, while cash hogs were higher on light negotiated trade and solid export demand for US pork.
Firm boxed beef and strong pork export demand support livestock values, while steady cash cattle prices limit upside for feeder cattle costs.
brownfieldagnews.comMeghan GrebnerFeb 15, 2024Not 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.
Midday cash hogs were higher on solid export demand for pork, which supported futures on the day, though it is a secondary confirming report.
Cash hogs were higher on solid export demand for US pork, supporting futures.
