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DTN analyst Todd Hultman reviews livestock markets, noting December live cattle at $116.77 and November feeder cattle down $0.52 to $154.10. December lean hogs fell $3.40 to $51.60, ending an eight-week rally.
U.S. beef production is growing about 3 percent this year.
Routine price commentary with steady cattle and falling hog prices; feeder demand remains supportive, while lower hog prices slightly reduce hog-sector feed demand.
dtnpf.comTodd HultmanOct 22, 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.
