The last session of this holiday shortened trading week was much like the week itself, mixed with mostly declines. Though hogs, HRS and soymeal all had gains in the longer dated positions. South American weather and the volatile situation in macro markets with consumers pulling back each had their influences. For the week:
After rising for three weeks, len hogs took the biggest beating this week. Soyoil was the week’s largest gainer. After four straight weeks of increases, HRS and HRW closed down this time. SRW is on its seventh straight week of increased value. It was the fourth week down for live cattle, but feeder calves finished up.
The morning’s USDA Export Sales report added some spice to t...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...