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U.S. live cattle futures extended their rally on strong cash and wholesale beef prices and continued fund buying. Feeder cattle futures also rose, while lean hog futures gained on short covering but were capped by ample supplies and U.S.-China trade uncertainty.
Higher cattle prices improve feedlot margins and support placements, which sustains demand for feed. Hog gains are limited by supply and trade uncertainty, which keeps pork-linked feed demand subdued.
agcanada.comAGCanadaOct 28, 2019Not 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.
