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Lean hog futures closed mostly lower on supply and demand concerns, with no news of pork sales to China. Live and feeder cattle futures also fell on profit taking and a higher move in corn.
Boxed beef firmed on moderate demand.
Lack of China pork sales and ample supply pressure hog prices, while lower feeder cattle prices reduce near-term demand for feed grains.
brownfieldagnews.comMeghan GrebnerJan 17, 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.
