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Beef Prices High, Pork Low

LIVESTOCK AM OUTLOOK

US cattle and beef prices compared to Australia and Brazil are low.

March showed strong exports from Brazil.  Exports of beef increased in March as China increased its buying. Cattle and beef were at record high prices for March. Brazil exported 31% for beef in March compared to February and 6.27% more than March 2020.

The CME Pork Index is narrowing to CME Lean Hog Index.  Retail pork is cheap compared to beef.  Loins and fresh hams are cheap and when exported are mostly fabricated into ground products or trimmings.

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