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“The cattle complex managed to close strong yesterday after hitting its lowest level since early December of last year on Wednesday,” the Hightower Report said. “Cash trade in the north continued again yesterday at 216-220, on par with levels traded earlier in the week but there has been no trade yet reported in the South.”
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In weighted average negotiated prices for barrows and gilts, the USDA reported:
“The 15-year seasonal trend for October hogs tends to bottom in late August, suggesting seasonal pressure may be peaking this week,” the Hight…
Boxed beef cutout values this afternoon were up on Choice and up on Select, USDA said.
“October hogs lost early upside momentum Tuesday and closed see lower and near the bottom of the day’s range. Open interest rose 4,300 contrac…
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