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After a weak start to the week, hog futures are firming back up by 20 to 55 cents through Wednesday, reported Alan Brugler with Barchart. “USDA withheld the National Average Base Hog price on Tuesday to protect confidentiality. The Monday afternoon quote had fallen 48 cents to $62.01. The CME Lean Hog Index for 2/2 was cited at $73.56, up by another 44 cents,” Brugler said.
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The Hightower Report said, “A lower finish for live cattle and feeders on Friday. JBS announced the closure of 2 beef plants, one in Pennsylva…
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…
“July tested Monday’s 7-month low on ongoing technical weakness and fund selling,” the Hightower Report said. “The daily chart has yet to show…
“Another sharply higher day across the cattle complex yesterday with prices opening on the low of the day near steady and closing on the highs…
“A very bullish close across the cattle complex today with sharp gains in both live cattle and feeders. New all-time highs in U.S. stocks seem…
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