Tridge summary
US live cattle futures rose, reaching prices nearly eight years high earlier in the week due to low animal weights. Hog futures remained steady amid uncertainty about pork demand. CME benchmark April live cattle futures gained slightly to 163.95 cents per pound, while February live cattle gained 0.375 cent to 161.2 cents. March feeder cattle futures dipped slightly to 186.4 cents per pound. April hogs were unchanged at 83.325 cents per pound, and June hogs also remained steady at 101.65 cents. Beef prices remained strong, with select cuts rising to $254.29 per cwt and choice cuts increasing to $269.66.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
US live cattle futures edged higher on Friday, with low animal weights supporting prices that hit their highest in nearly eight years earlier this week, reported Reuters. "It's a trend that doesn't get reversed quickly, and likely sets us up for lighter weights well into the spring," brokerage StoneX wrote in a note to clients. Hog futures were steady, with uncertainty about pork demand hanging over the market. CME benchmark April live cattle futures gained 0.325 cent to 163.95 cents per pound, while front-month February live cattle gained 0.375 cent to 161.2 cents. CME March feeder cattle futures dipped 0.425 cent to 186.4 cents per pound. Most-active April hogs were unchanged at 83.325 cents per pound, while June hogs also were flat at 101.65 cents. June ...
Source: Thepigsite
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