Written Commentary
LIVESTOCK AM OUTLOOK
February isn’t a big beef month. Watch April through end of the year Live Cattle. Price movement should indicate if packers are buying more or less to fulfil their contracted orders. Cattle numbers are down but with consumers fighting high costs of beef, just because slaughter is down doesn’t mean cattle prices should be higher.
Winter storms could limit hog sales by mid-week . But it will also limit movement of pork from the packer. New contract highs made on Tuesday but volume has been light. The light trade volume needs to be watched. Small traders aren’t participating in the trading, spreads are most active part of the trade.
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