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Hog futures and cattle futures on the Chicago Mercantile Exchange closed mixed, with feeder cattle lower. Direct cash cattle trade was quiet, with asking prices of $127 to $130 live and bids slow to appear.
Boxed beef closed weak on Choice cuts.
Weaker cash trade and softer futures point to lower near-term hog and feeder cattle prices, which weighs on feed demand from finishing operations.
brownfieldagnews.comMeghan GrebnerJan 16, 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.
