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US lean hog futures fell for a second straight day as wholesale pork prices slumped to their lowest level in more than six years. Traders cited nervousness about US-China trade talks in Beijing, which had been aimed at ending a seven-month tariff dispute.
Live cattle futures rebounded on firmer feedlot bids.
Weak pork cutout values and doubts about a China deal are pressuring hog prices lower. Hog prices feed into the economics of pork production and the demand for feed ingredients.
grainews.caGFM Network NewsFeb 15, 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.
