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“April live cattle prices traded inside Friday’s range but sold off from early strength and ended mostly higher,” The Hightower Report said. “The new of a quadrupling of Argentina beef impact quotes may have offered some minor headline pressure today but isn’t expected to have a major effect in the big picture. Some technical selling was seen today but prices avoided a lower close.”
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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…
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…
“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:
“A very bullish close across the cattle complex today with sharp gains in both live cattle and feeders. New all-time highs in U.S. stocks seem…
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