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Cattle supplies are tight, but this is offset by a softer tone in the cash market. Much like the cattle futures, the cutout has been in a choppy, sideway pattern since mid-August. The heat wave moving into the central US can reduce weight gain, but this morning's risk off mood may be keep buyers at bay, The Hightower Report said today.
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The Hightower Report said, “The major news for the cattle complex was the USDA confirmation last night of New World screwworm detected in the …
The Hightower Report said, “The cattle market pulled back from early session strength but finished marginally higher despite a heavy selloff i…
“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 …
Boxed beef cutout values this afternoon were up on Choice and up on Select, USDA said.
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