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Lean hog futures touched new highs on Wednesday as wholesale pork recovered from a post-Memorial Day slump, with June contracts up 1.8% and July up 2.5%. Live and feeder cattle futures also rose as cash cattle prices held steady in an online auction at $1.32 a pound.
Firm cash prices have limited the usual seasonal correction in futures, supporting feedlot margins and the cost of feeding animals. Feed buyers should expect continued firm livestock values for now.
foxbusiness.comBenjamin ParkinMay 31, 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.
