Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
There are 3 weeks until labor day and because of the light slaughter and light movement of beef, boxed beef prices should increase. It is also likely to see beef imports increase.
Boxed beef prices were higher Monday with buyers needing supplies especially for primals going to the grinder and especially for products with leaner cuts.
LEAN HOG COMPLEX
Lean hogs have been slowly losing price. Expect the same moving forward.
August and September are normally slow for pork sales.
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