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The Hightower Report said “February hogs jumped higher early in session yesterday but could not hold the gains and closed unchanged. The cash hog index was lower. Yesterday’s failure to hold the rally may be a bit worrisome for the bull camp but it is too early to call for a market top yet.”
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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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