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Live cattle futures for October delivery fell 0.2% to $1.0515/lb on the CME, while later-month contracts rose. Cash cattle traded at $1.04-1.05/lb live and $1.64-1.66/lb dressed, down several cents from the prior week.
October lean hog futures rose 0.1% to 61.45 cents/lb.
Lower cash cattle prices squeeze feedlot margins while packer margins widen. Mixed futures reflect a quiet session with no new supply or demand shock.
foxbusiness.comBenjamin ParkinSep 1, 2017Not 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.
