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On 2 March 2021 lean hog futures posted sharp midday losses while live cattle held modestly firmer. May corn rose 9.5 cents per bushel and May soybean meal gained $2.90.
Cash cattle asking prices in the South were $116 live.
Lower hog futures reduce hog producer margins, while firmer corn and soybean meal raise feed costs. Feed buyers face higher input prices alongside a softer hog complex.
keyaglivestocklowdown.blogspot.comJWFMar 2, 2021Not 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.
