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Cattle trade moved at sharply lower packer bids in the South and North, and hog buyers were set to resume procurement ahead of the Easter slaughter slowdown. Traders awaited the USDA quarterly hog inventory report, which was expected to show herd expansion.
Lower bids and expected herd growth point to weaker livestock prices and steady long-term demand for feed as herds expand.
dtnpf.comMar 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.
