UBC - Why Livestock And Meat Have Followed Different Pricing Patterns

April, 12 2021 08:42 PM E-TRACS USB Bloomberg Commodity Index Exchange Traded Notes UBS Bloomberg CMCI Livestock ETN

Live cattle and lean hog prices bottomed in the early days of the pandemic, while prices for meat at the grocery store spiked.
New pricing tools for the pork cutout and boxed beef aim to help align meat and livestock markets.
CME live cattle futures tumbled and touched a 14-year low at 76 cents a pound in April 2020. Similarly, CME lean hog futures also bottomed out at 37 cents a pound in April 2020, touching a price level not seen since 2002.

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Company Name:	E-TRACS USB Bloomberg Commodity Index Exchange Traded Notes UBS Bloomberg CMCI Livestock ETN
Stock Symbol:	UBC
Market:	NYSE