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Brownfield reports live cattle futures mixed and feeder cattle lower on November 16, with December live cattle at $115.35 and January feeders at $146.52. Hog futures rose on ASF concerns, and Nebraska direct cash cattle traded at $114.
Hog futures gaining on ASF concerns reflects expected tighter global pork supply, which could support substitute meat demand, though cattle moves were mixed on weak cash trade.
brownfieldagnews.comMeghan GrebnerNov 16, 2018Not 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.
