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Live and feeder cattle closed lower on the CME ahead of the week's direct business, with August live cattle at $186.45. Lean hogs were pressured by sharply lower pork values ahead of the Quarterly Hogs and Pigs report, with July hogs closing $0.45 lower at $89.45.
Lower pork cutout values weaken hog futures and signal reduced packer margins for hogs. Cash cattle standoff between buyers and sellers keeps near-term cattle pricing uncertain.
brownfieldagnews.comMeghan GrebnerJun 27, 2024Not 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.
