Livestock futures concluded trading on Monday a mixed bag, with live cattle finishing the day up 0.1% to $2.39375 a pound, and lean hogs settling down 0.2% to 98.55 cents a pound. Live cattle futures are getting pressured due to lower boxed beef prices, says Naomi Blohm of Total Farm Marketing in a note. "Now that holiday demand is behind, and summer weather impacts beef demand, further weakness in boxed beef prices may continue," says Blohm. Cutout prices through midday today were lower, according to USDA data. (kirk.maltais@wsj.com)
Dow Jones Newswires
Livestock Finished Mixed in Early July Trading — Market Talk
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Livestock futures concluded trading on Monday a mixed bag, with live cattle finishing the day up 0.1% to $2.39375 a pound, and lean hogs settling down 0.2% to 98.55 cents a pound. Live cattle futures are getting pressured due to lower boxed beef prices, says Naomi Blohm of Total Farm Marketing in a…