Tyson to shutdown two plants and sell another
Live cattle futures faced Friday pressure, but bounced off the lows to close with contracts 85 cents to $2.60 lower. August was $8.07 lower on the week. There were no new deliveries issued against August...
Lean hog futures slipped lower on Friday, with contracts down 7 to 62 cents, as October was down just 47 cents on the week. USDA’s national base hog price was reported at $93.30 on Friday afternoon,...
In my opinion, traders started digging the Tiger trap early this week, believed in expectation of Friday's news.
Live cattle futures are falling lower on Friday pressured by weaker cash and the Tyson closure, as contracts are down $3.12 to $5. Cash trade has been picked up with some $228-230 sales in the North. The...
Lean hog futures are trading with 5 to 90 cent losses across most contracts at midday. USDA’s national base hog price was reported at $93.03 on Friday morning, up $4.25 from the day prior. The CME Lean...
The market fundamentals for beef are getting tighter. Here’s what sparked the latest Tyson plant closures.
Live cattle futures closed the Thursday session with contracts down $1.52 to $4.35 across the board. New selling interest was noted, with open interest up 3,259 contracts. There were no deliveries issued...
Lean hog futures posted losses of 20 cents to $1.70 across most contracts. Open interest was down 2,487 contracts. USDA’s national base hog price was reported at $97.37 on Thursday afternoon, up $1.56...