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DTN reports October live cattle closed at $112.00, their highest weekly close in five months, and lean hogs are near 2016 lows around $48 amid tariff concerns. The June Hogs and Pigs report showed a 4% increase in the pig crop.
Cattle strength supports feed demand from feedlots, while hog weakness from China and Mexico tariffs reduces demand for feed and meal from hog producers.
dtnpf.comTodd HultmanAug 6, 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.
