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Cattle and hog prices have fallen sharply in recent months because of large supplies and a higher slaughter rate than anticipated. Spring-finished cattle prices fell from highs near $138 per live hundredweight to about $115, a $23 drop.
Purdue economist Chris Hurt says hog prices have followed a similar pattern.
Heavier livestock supplies depress cash prices for cattle and hogs, which lowers the value of finished animals and can reduce feed demand over time. The price drop is driven by supply rather than a new shock.
iowafarmbureau.comSep 6, 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.
