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Lean hog futures fell on profit-taking, and cattle futures were mixed in a narrow range amid concerns about long-term demand. August live cattle closed $0.25 lower and boxed beef moved lower on light demand.
Feeder cattle prices at auction were higher.
The move reflects routine profit-taking after a rally, with cattle prices held up by steady feeder demand and limited by weak boxed beef.
brownfieldagnews.comMeghan GrebnerJul 25, 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.
