
Live cattle trade volume was mediocre on the prior session, with most activity in calendar spreads. Live cattle showed a bear spread, with a possible key reversal on the February/April live cattle spread.
Lean hog prices gained against live cattle as the pork carcass to hog index spread widened.
Routine futures commentary on spreads and relative pricing with no new supply or demand shock. Firmer pork pricing and rising trimmings sales point to modestly better packer margins for hogs.
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.