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iPathA Series B Bloomberg Livestock Subindex Total Return ETN
The peak season for demand in the animal protein markets runs from late May and the Memorial Day weekend through early September each year. Meat prices tend to appreciate during the late spring in anticipation of the time of the year when barbecues come out of storage, and the demand for beef and pork rises. Meanwhile, 2020 has been anything but an ordinary year in markets, and animal proteins were no exception. Futures prices limped into the grilling season and remained at far lower levels than in past years. Cattle and hog prices reached lows