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Corn and soybean futures closed lower on Nov 14, 2017, with corn dropping to new contract lows. Lean hog futures fell sharply, with the December contract down $8.00 over 10 sessions.
Cattle futures closed sharply lower, with December live cattle at a $3-4 discount to the cash market.
Broad weakness in corn, soybeans and livestock reflects large corn supplies and fund liquidation, which lowers feed costs but signals weaker livestock demand. Speculative selling has amplified the moves.
kyfb.comNov 14, 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.
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.
