Uncertain weather ๐ถโ๐ซ๏ธ
Feb 02, 2023๐ท Time for a quick look at futures! US lean hog futures eased this week, pressured by stronger supplies of market-ready hogs – that’s right, we continue to see more hogs come to market than people had expected.
โ US live cattle futures climbed to new contract highs early this session, before settling slightly lower. Why? Because even though feeder cattle prices are quite high, it's the uncertainty around feed supply and drought conditions that’s making it hard to invest.
๐ For all the data, check this out.