Cattle markets show some positive trends

8 months ago 94

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“Live cattle and feeders trended sharply higher again today following a mostly steady opening,” The Hightower Report said. “President Donald Trump raised tariffs on Brazil to 50%, jeopardizing Brazil’s beef exports to the United States. The two-month high in the U.S. dollar this morning did not pressure prices.”

Hogs bounced back after Tuesday’s weakness and closed slightly higher on December futures, but the break below recent lows this week has weakened the technical outlook,” The Hightower Report said.

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“Hog prices closed out the week with a higher close, following through from the strong gains seen the last two sessions,” The Hightower Report…

In weighted average negotiated prices for barrows and gilts, USDA reported;

Boxed beef cutout values fell for Choice and Select, the USDA said:

“The semi-annual inventory report did not show a major surprise but indicated some herd expansion is ongoing,” the Hightower Report said. “The…

Austin Schroeder at Barchart.com said, “Live cattle futures were busy rallying to new highs, with contracts up $2.05 to $2.37 at the close. Pr…

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