Written Commentary
LIVESTOCK AM OUTLOOK
Boxed beef was lower Wednesday with primal Choice rib sections giving up the big gains of Monday and Tuesday. Of course one session of the beef market doesn’t set direction for the long run, but it will be important to watch rib sections especially heading into November and December when demand is strong. Loin sections were higher Wednesday morning as were chucks, rounds and briskets.
Pork export net sales above average with 29,500 metric tons. Mexico was the biggest buyer with 16,900 metric tons with small purchases from Japan, Canada, South Korea and Columbia. China actually was negative cancelling previous purchases.
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