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Fourth-quarter lean hog futures closed at new contract lows on June 29, while the National hog base fell $0.19. Live cattle futures rallied sharply to their highest since March, and corn rose slightly on hot weather concerns despite USDA acreage and stocks figures.
Lower deferred hog futures signal weaker expected hog prices and reduced demand for hog feed, while cattle strength supports beef-side feed demand.
dtnpf.comJun 29, 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.
