Loading…
Livestock futures were mixed in the week ending June 18, 2021, after sharply lower grains and falling pork prices. Negotiated fed cattle trade rose to $124 live in the North and $122 in the South, and lean hog futures fell as pork prices collapsed and exports slowed.
Higher cash cattle prices support live cattle futures and feeder demand, while the collapse in pork values and slower exports weigh on hog prices and hog-feed demand.
blog.loewenassociates.comJun 21, 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.
Weekly wrap noting higher negotiated cash fed cattle trade ($124 North, $122 South) after the prior week's selloff, which supports a rebound in live cattle futures on June 21.
