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The monthly livestock review shows October live cattle closing at $106.575 after a $5.15 monthly drop, with new lows near levels not seen since June 2011. Feeder cattle posted a new low in August before rallying, while lean hogs closed up $3.80 for the month.
The DTN National Corn Index fell to a new long-term low of $2.73 in August.
Cattle remain in a long-term downtrend with weak demand, and cash corn at multi-year lows reinforces cheap feed costs. Hogs are in a stronger uptrend, supporting pork-side demand for feed.
Not 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.
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.
