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“Cattle prices climbed into the close and finished modestly higher (Thursday),” the Hightower Report said. “…The U.S. stock market was significantly weaker (Thursday), along with a nearly $5 a barrel bounce in crude; both added some macro pressure. Other fundamental news was limited, and there has not been any significant cash trade yet this week, despite thoughts packers would be more aggressive due to improved profit margins.”
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Bloomberg said, “The US Department of Agriculture said it won’t halt shipments of Mexican cattle through ports in New Mexico and Arizona even …
In weighted average negotiated prices for barrows and gilts, the USDA reported:
“The cattle market opened higher on the strong action in the stock market this morning but quickly sold off and closed modestly lower on the d…
Boxed beef cutout values this afternoon were lower on Choice and lower on Select, the USDA said.
“Midday cutout bounced back today. The current rally has extended or nearly two months and looks to be running into some profit-taking resista…
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