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“China’s retaliatory tariff and extreme bearishness in the macro markets on Friday sent the cattle complex limit down,” the Hightower Report said. “Friday’s gap lower resulted in significant change to the technical picture in live cattle and feeders, and the risk is high for an accelerated selloff after the commitments of traders report showed funds still holding a near-record long on feeders.”
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“A late-session rally in the cattle complex pushed prices up near the highs of the day at yesterday’s close,” the Hightower Report said. “In a…
“Choppy and volatile action in the hog market continued with July rallying sharply this morning and taking out Friday’s high, only to drop sha…
“The cattle market traded both sides of unchanged but ended the session on a strong note and near the highs of the day,” The Hightower Report …
“The June live cattle contract’s discount to cash continues to be a supportive factor for the nearby months. Screwworm cases have now reached …
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…
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