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“Live cattle and feeders trended sharply higher again today following a mostly steady opening,” The Hightower Report said. “President Donald Trump raised tariffs on Brazil to 50%, jeopardizing Brazil’s beef exports to the United States. The two-month high in the U.S. dollar this morning did not pressure prices.”
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“October hogs opened slightly lower but quickly fell below last week’s lows and finished under pressure on spillover weakness from the cattle …
“The phased nature of the (Mexican border) reopening means it will likely take some time before significant numbers will cross the border, and…
Austin Schroeder at Barchart.com said, “Live cattle futures saw gains of 27 cents to $1.67 across most contracts on Friday, with August holdin…
“Commodity pressure continues today with crude oil still sinking, and that may result in additional (hog market) weakness this morning, but th…
“Sharply weaker trade in live cattle and limit down action in feeders was the feature yesterday, especially in the deferred months, after the …
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