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CME lean hog futures fell more than 2% on March 3, 2017, after lower cash and wholesale pork prices. USDA reported the western Corn Belt cash hog price down $2.24 and the pork cutout down 72 cents.
Live cattle futures settled mostly firm ahead of a fund roll into June contracts.
Expected large spring and summer hog supplies and falling pork bellies weigh on hog prices and packer values. Feed demand from a larger hog supply is a mild long-term consideration for corn and meal.
farmtario.comTheopolis WatersMar 3, 2017Not 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.
