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Live cattle ended mostly higher at the CME on spread adjustments and higher wholesale values, while feeder cattle closed mostly lower with corn firm. Cash cattle trade was near a standstill, and boxed beef closed sharply higher.
The article also reports lean hog futures pressured by supply concerns.
Heavier hog supply weighs on lean hog futures, while firm corn costs pressure feeder cattle margins. Buyers should expect routine price swings rather than a new fundamental shift.
brownfieldagnews.comMeghan GrebnerOct 29, 2019Not 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.
