Loading…
Lean hog futures rose ahead of the USDA monthly cold storage report, while live cattle fell after a cattle on feed report showed higher-than-expected March placements. Weekly hog slaughter was up 2.4% from last year, and cash hogs had fallen for 22 straight days.
Higher cattle placements point to more feedlot supply this summer, which weighs on cattle prices. Traders expect the cold storage data to lift hog cash prices from seasonal lows.
foxbusiness.comJulie WernauApr 24, 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.
