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The pork cutout fell further last week as packers and buyers had already stocked up ahead of summer demand, leaving fresh supplies to weigh on seasonal demand. Beef cutouts were mixed, with Choice slightly below $220 and Select near $195, and fed cattle traded mostly steady around $109-111/cwt.
Weak pork and beef cutout values reduce packer margins and pressure live hog and cattle prices, while the steady cash cattle trade limits downside.
feedstuffs.comJul 2, 2019Not 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.
