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CME live cattle futures closed at new contract highs amid concerns about tightening U.S. supplies. A USDA report showed feedlot cattle numbers down 1% year over year and September placements down 4%, while lean hog futures firmed on steady cash prices.
Tighter cattle supplies and firm hog cash prices support feed demand outlook and livestock prices, though brokers warn of a possible near-term correction.
financialpost.comReutersOct 26, 2022
thebeefsite.comMelanie EppOct 27, 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.
