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The Hightower Report said, “Although the Teamsters Union approved a strike at the Amarillo beef plant on Friday, no announcement of a walkout has been made yet. Despite Friday’s very strong upside move, a strike would back up beef supplies and ultimately be a negative for supplies if it does occur.”
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“The hog market was under sharp pressure today and finished at a new low after opening at Tuesday’s low and quickly selling off as the U.S. do…
Boxed beef cutout values this afternoon were up on Choice and up on Select, USDA said.
“Cash trade ideas have improved after yesterday’s rally, but we have not seen any bids yet,” the Hightower Report said. “Fundamental underlyin…
Austin Schroeder at Barchart.com said, “Live cattle futures posted gains of $1.85 to $3.62 on Friday, with December up $5.57 on the week. Open…
Austin Schroeder at Barchart.com said, “Live cattle futures were down 30 cents to $1.25 across the board on Wednesday. Open interest was down …
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