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CME live and feeder cattle futures closed mostly higher in a narrow range ahead of the cash trade and the Cattle on Feed report. Lean hog futures also rose on trade talk optimism, and boxed beef values gained on Choice grade.
Routine price moves in livestock with modest trade optimism give little new price direction beyond the near-term trading range.
brownfieldagnews.comMeghan GrebnerApr 15, 2019Not 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.
Directly describes lean hog futures rising on April 15 on trade-talk optimism, which implies better prospects for pork exports to China.
