Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Since January the June futures have had downturns. From Jan 29 to March 4th the market dropped 16.65. From April 4th to April 9th it dropped 15.92. Is this just another spec drop. Cash is certainly higher and beef prices are high.
PORK COMPLEX
Brazil poultry is being banned by many Asian and European countries due to bird flu. Brazil is the largest exporter of poultry. Of course it is likely countries will increase poultry exports from the US, but it could help US. pork exports unless the tariffs become too high. President trump last week said countries will soon be notified of “official “ tariffs over the next few weeks.
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