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“The cattle market pulled back yesterday after the extremely strong trade on Monday,” the Hightower Report said. “December live cattle nosed into the top of Monday’s gap higher, but a stronger U.S. dollar this morning is a headwind although feed grains are lower, which may provide some buying support on the opening today.”
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“This week’s rally in the U.S. dollar is adding additional pressure, and the lean hog index continues to slip lower,” the Hightower Report sai…
The Hightower Report said, “The cattle complex closed modestly weaker yesterday and October live cattle closed in the lower quarter of the day…
“The Iowa Department of Agriculture and Land Stewardship and the United States Department of Agriculture Animal and Plant Health Inspection Se…
“The market’s short-term trend is positive on the close above the nine-day moving average for live cattle. The gap up on the day session chart…
“Open interest fell over 7,400 contracts in October, but rose nearly 13,500 in the December contract,” the Hightower Report said. “Cash hogs w…
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