Written Commentary
LIVESTOCK AM OUTLOOK
The consumer is buying a product that is cheaper than steaks or Choice roasts. When viewing beef, at this time there is nothing inflationary when majority of meat is going into lower priced products. Cattle have been the same price for almost 4 weeks
The 5 day average on early pork carcass was at $93.98 up 46 cents, and the afternoon carcass was 93.20 down 32 cents from the previous day. The CME Lean Hog Index was up 64 cents and Pork Index was up 5 cents. Not a lot of change.
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