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Cattle looking to keep support

Cattle looking to keep support

Cattle markets are looking for short-term support right now, The Hightower Report said. “If the beef market can at least stabilize over the near term, the market seems to be in a position to trade back up into the recent consolidation.”

Hog markets continue seeing a sharp discount of futures to the cash market, adding to buying sentiment, The Hightower Report said. “The continued advance in pork values has helped to support the market and hold the cash market in a steady uptrend.”

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Boxed beef cutout values this afternoon were lower on both Choice and Select, the USDA said.

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Boxed beef cutout values this afternoon were lower on both Choice and Select, the USDA said.

Hogs are trading “steady to higher on follow-through from bottoming action yesterday highlighted by short covering,” Total Farm Marketing said…

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