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CME live cattle futures rose for a fourth straight session on August 22, led by the nearby August contract. Strong packer margins fueled expectations of higher cash cattle demand, while CME lean hog futures slipped on ample supplies.
Robust packer margins encourage packers to buy more cattle, supporting live and feeder cattle prices. Traders warned the rally could fade after Labor Day buying ends.
financialpost.comReutersAug 22, 2019Not 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.
