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Live and feeder cattle futures closed higher on optimism about direct cash trade, while lean hog futures were pressured by a lower pork trend. Boxed beef closed steady to firm on moderate to fairly good demand.
Feeder supplies at Joplin were light and weather was limiting cattle quality.
Weaker pork values pull hog futures lower, which lowers the cost of hog-based feed inputs for producers. Light cattle supplies support feeder cattle prices, which affects the cost of cattle-feeding operations.
brownfieldagnews.comMeghan GrebnerFeb 19, 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.
