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Lean hog futures continued to slide, with the August contract down $0.52 and October down $0.82. Live cattle futures were lower on spillover from feeders, weak boxed beef and lower direct cash trade.
Feeder cattle were mostly lower on technical selling.
Lower hog futures signal weaker margins for hog producers, which can reduce future demand for feed grains and meal. Cattle weakness also weighs on feeder demand.
brownfieldagnews.comJohn PerkinsAug 24, 2016Not 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.
