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“Cattle traded on both sides of unchanged yesterday but ended mixed,” the Hightower Report said. “Live cattle open interest yesterday plummeted more than 5,100 contracts and has dropped steadily over the last week as the market has weakened technically.”
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The Hightower Report said, “A lower finish for live cattle and feeders on Friday. JBS announced the closure of 2 beef plants, one in Pennsylva…
Bloomberg said, “JBS NV is closing a beef plant in Pennsylvania, in the latest sign of pressures meatpackers are facing amid a severe US cattl…
“July tested Monday’s 7-month low on ongoing technical weakness and fund selling,” the Hightower Report said. “The daily chart has yet to show…
On boxed beef cutout values, the USDA said:
“Another sharply higher day across the cattle complex yesterday with prices opening on the low of the day near steady and closing on the highs…
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