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CME cattle futures ended lower while hog futures finished mostly higher, with both markets finding support as brokers anticipated a seasonal rise in consumer demand for pricier cuts of meat ahead of the holiday weekend.
Seasonal demand expectations support hog prices, while cattle weakness reflects softer near-term sentiment in the live cattle and feeder complexes.
reuters.comJulie IngwersenApr 14, 2022Not 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.
