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Live and feeder cattle futures closed higher at the CME on Wednesday, with December live cattle up $1.20 at $118.35 and hog futures sharply higher on African swine fever concerns. Cash cattle trade was quiet with bids and asking prices far apart.
Routine market commentary describing moves; the hog rally on disease concerns is already covered elsewhere and cattle moves reflect wholesale values rather than a new supply or demand shock.
brownfieldagnews.comMeghan GrebnerOct 24, 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.
