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August live cattle rose 50 cents to $167.675. August feeder cattle gained $1.40 at $239.175. Both markets closed nearer their session highs, hit contract highs and closed at technically bullish monthly high closes.
Grains End Mixed and Off Session Lows but is the Fund Selling Done? Cattle Make Contract Highs Again
Grains end mixed and off lows after the early fund selloff on macroeconomic concerns, weather. Is the selling over? Cattle make more contract highs, while hogs see short covering. Oliver Sloup, Blue Line Futures.
While cattle prices continue to post contract highs, hog prices continue to see intense pressure, and it’s creating a dismal outlook for pork profits this year. What’s behind the price pressure? Analysts weigh in.
Mexico claims because it is self-sufficient in GMO corn for food, it has not violated any trade agreements. Given the firm stances of both countries, it appears this situation will lead to a USMCA dispute settlement.
Residual chemicals from sprayers can not only contaminate operators but also their families — even when gloves, goggles and aprons are worn.
Grains off lows but still seeing fund selling with macroeconomic sell off in commodities, and a wetter extended forecast. Livestock mostly higher except nearby live cattle. Joe Vaclavik, Standard Grain.