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CME live cattle contracts touched a fresh seven-year high on tight supplies that boosted cash prices. Lean hog futures eased, though good consumer demand limited losses, and weekly U.S. pork and beef export sales rose.
Tight cattle supplies support live cattle prices, while stronger export sales provide some support to pork and beef demand.
thecattlesite.comMelanie EppOct 21, 2022Not 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.
