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Livestock futures started the week lower as cash cattle and hog prices fell last week on growing herd sizes and seasonal demand softness. August live cattle fell 0.8% to $1.12/lb at CME and August lean hogs fell 1.4% to 80.3 cents/lb.
Heavier supplies and weaker seasonal beef demand give packers bargaining power, pressuring cattle and hog prices; a possible pre-Labor Day packer buying push could offer some support.
foxbusiness.comBenjamin ParkinJul 31, 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.
