Livestock markets never dull

Livestock markets never dull

Cattle futures establish new records, while hog market shrugs off bearish tone of USDA report.

THE U.S. Department of Agriculture's September "Quarterly Hogs & Pigs" report should have registered a bearish tone for hog futures, with production estimates pegged above pre-report trade expectations, and all signs pointed to lower feed costs motivating U.S. hog producers to expand.

However, at the end of the trading day last Monday, hog futures advanced on uncertainty over the possibility that new outbreaks of porcine epidemic diarrhea virus

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