Written Commentary
LIVESTOCK AM OUTLOOK
Beef primal rib sections have moved off recent lows and have kept beef from falling. Also, need to keep an eye on boxed beef movement. Large load movement on the daily beef market indicates packers have plenty of beef for contracted orders and they are using the daily market to sell what isn’t needed for contracts.
How can anyone know the price of pork when there are just 164 loads of pork cuts sold and about 14 loads of trimmings. Pork prices have been moving higher, but if packers felt they should raise or lower prices, the small amount sold on daily market will do very little to total margins.
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