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Lean hog futures rose on Tuesday in an oversold bounce, while cattle markets were mixed. Feeder cattle gained on expectations of stronger year-end demand, and boxed beef closed lower on light demand.
The hog rebound is a technical bounce from lows rather than a new fundamental driver, so the price trend remains weak given ample supply.
brownfieldagnews.comMeghan GrebnerDec 4, 2019Not 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.
