Written Commentary
LIVESTOCK AM OUTLOOK
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From Monday’s final boxed beef prices to Tuesday’s final price, primal rib sections were up $21.16 and loin sections up $17.56. These are huge weekly moves, but they were just from one day till the next day. The moves should be noted as highly unusual except that they have become of late somewhat normal.
For first two days of the week, hog slaughter is down 11,000 head compared to a year ago. The 5 day average was down 85 cents, and this follows a drop from Monday’s average. Weights are down but staying in a range from 207 to 209 pounds.
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