Seasonal demand for pork is driving hog futures higher, according to published reports. Yet while the approach of Labor Day Weekend is driving demand for pork, cattle futures hovered for a while though ultimately remained firm despite a shaky market that has endured swings due to economic crises on both sides of the Atlantic Ocean.… Read more.
Cattle futures climbed Friday amid market conditions that saw hog futures notch record high prices, Reuters reports. But one research director said prices for livestock have scraped bottom for the summer season and will begin driving higher. Summer is typically when cattle futures see the largest demand because of the outdoor barbecue and grilling season.… Read more.