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On 2 March 2021 direct cash cattle trade was quiet and asking prices in the South were $116 live. Choice boxed beef fell $2.07 to $236.96 on light demand.
Cash hogs traded higher at midday on moderate negotiated volume.
Lower boxed beef values weigh on cattle prices, while firmer cash hog prices support the hog complex. Buyers should watch whether beef demand picks up later in the week.
brownfieldagnews.comMeghan GrebnerMar 2, 2021Not 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.
