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CME live cattle futures eased on Wednesday after the prior session's gains, while lean hog futures also slipped on technical selling. Snow and ice across the Great Plains were expected to reduce market-ready cattle supply and weights.
Choice boxed beef fell 63 cents while select gained $1.64.
Expected weather-related supply cuts and firm hog outlook support prices, though the day's move was mainly technical profit-taking.
thecattlesite.comMelanie EppDec 29, 2022Not 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.
