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Lean hog futures fell sharply at the CME on supply concerns. The article also covers cattle markets, where cash trade was slow and boxed beef closed lower on light demand.
Feeder cattle prices were also mixed.
Heavier hog supplies weigh on futures and point to softer pork prices. Cattle moves reflect routine seasonal trading rather than a new supply or demand shock.
brownfieldagnews.comMeghan GrebnerOct 7, 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.
