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CME lean hog futures and live cattle futures closed mostly higher on June 30, with most hog contracts at a discount to cash. Cash cattle were lower, and boxed beef fell on light to moderate demand and moderate to heavy offerings.
Cash and wholesale weakness points to softer near-term beef and hog prices, with futures discounts suggesting market expectations of lower cash levels.
brownfieldagnews.comJohn PerkinsJun 30, 2017Not 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.
