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The Hightower Report said, “Hogs finished slightly lower yesterday, unable to follow through from the bounce off the contract lows on Tuesday. The index fell again, cash hogs dropped just over $1 nationally and the cutout fell nearly $3. Open interest dropped just less than a thousand contracts, mostly coming out of the October. Bellies, hams, and loins were under pressure. Fundamentals do not show any reason for a major rally in the near term.”
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“The Iowa Department of Agriculture and Land Stewardship and the United States Department of Agriculture Animal and Plant Health Inspection Se…
Bloomberg said, “Increased actions by US immigration enforcement are creating significant disruption to beefpacking operations in Kansas, an a…
"The cattle market traded on both sides of unchanged today but strengthened during the session and live cattle finished with moderate gains wh…
“Momentum studies trending lower at mid-range could accelerate a price break if support levels are broken for feeder cattle,” The Hightower Re…
Boxed beef cutout values this afternoon were higher on Choice and higher on Select, the USDA said.
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