Livestock markets:
Volume has been heavy in live cattle the past 3 days. August live cattle had a key reversal today. Feeder cattle gapped higher into new record highs following news the USDA’s planned reopening of the Mexican border for cattle imports has once again been halted.
- August live cattle: $219.225, down $0.55
- August feeder cattle: $321.275, up $.80
- August lean hogs: $106.225, down $1.00
Outside markets:
The equity markets are steady/higher. The U.S. dollar is slightly firmer, and metals are stronger. Energy futures are weaker. Concerns of oversupplied crude markets weighed on futures as did fears energy demand will be hindered by new rounds of tariffs in August.
- Crude oil futures: down at $68.88
- Stock index futures: Higher with the Dow up 187 points. The Nasdaq is up 19 points and S&P is trading 17 points higher.
- US $ Index: up .081 at 97.280.
|