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USDA retail data showed beef feature ads up 18% week over week for the Labor Day holiday, though still 1% below a year earlier. Pork cash hog markets were under seasonal pressure, with spot hogs flat and the cutout unchanged.
Seasonal softness in cash hogs and a firm but not strong retail beef promotion picture suggest limited near-term support for live hog and cattle prices.
feedstuffs.comSep 4, 2018Not 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.
