Written Commentary
LIVESTOCK AM OUTLOOK
Beef exports were disappointing last week. Net sales of 12,600 mt is half of what is needed to sell week after week. Also, beef exports don’t increase over time, weekly each country is decreasing the amount they were expected to take. Possibly with Brazilian Real moving up, it could help but then again sales depend on trade agreements and over the past two years, the US lost sales as countries made new agreements with Brazil and other countries with agreements with the TPP agreement.
Pork carcass is going up with moves up on loins and hams. The top cut primals rallying are a good indication of strength in market. If light kill remains, hogs could be much more bullish.
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