Concerns U.S. tariffs will reduce Brazilian beef imports into U.S. spur cattle rally

8 months ago 120

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The Hightower Report said, “The bull rally marched on yesterday into new all-time highs, spurred by concerns U.S. tariffs on Brazil will reduce beef imports into the U.S. The steady march higher this month is generating significant margin calls for short hedgers.”

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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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