U.S. livestock: Cattle at fresh highs, hogs weaken

Cattle futures on the Chicago Mercantile Trade climbed to recent highs on Tuesday, as tight provides and the continuing closure of the U.S./Mexican border to cattle from Mexico stored values effectively supported.

The December dwell cattle contract gained 1.750 cents per pound at 246.500 cents. Chart-based positioning contributed to the good points, in keeping with members, with the subsequent resistance goal seen at 248 to 250 cents per pound.

November feeder cattle futures have been up by 4.600 cents per pound at 381.325 cents per pound.

The U.S. Division of Agriculture reported wholesale boxed beef costs have been up on the day, with alternative packing containers $0.51 increased at $364.42 per hundredweight and choose packing containers up $0.80 at $350.55/cwt.

Lean hog costs have been decrease, as a pointy drop in Chinese language costs spilled into the U.S. market. The December contract was down 1.700 cents at 83.150 cents.

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