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“Pasture conditions in the southern Plains are finally set to improve with much better moisture chances moving in over the next 10 days,” the Hightower Report said. “Bipartisan lawmakers from Iowa and New Mexico introduced a bill reversing Trump’s foreign beef import plan and Congressional approval would be needed before expanding foreign imports. The bill would also set up a 4-year advisory board to develop a strategy to rebuild the U.S. cattle herd.”
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“The market’s short-term trend is positive on the close above the nine-day moving average for live cattle. The gap up on the day session chart…
Boxed beef cutout values this afternoon were higher on Choice and higher on Select, the USDA said.
The Hightower Report said, “The cattle complex rallied sharply yesterday and held Monday’s gap support, closing near the highs of the week. Th…
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