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Live cattle and feeder cattle reached new contract highs in the week ending October 28, though most contracts sold off by Friday. Cash fed cattle traded $2 higher at $150 live in Texas and Kansas, and $152 to $155 in the North.
Lean hogs fell for the week, while Choice boxed beef rose $9.55.
Higher cash fed cattle trade supports futures and the cattle complex's price outlook. Weakness in lean hogs reflects softer pork demand and pressure on hog margins.
blog.loewenassociates.comOct 31, 2022Not 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.
