Written Commentary
MORNING LIVESTOCK OUTLOOK
Solid demand for beef. The Choice/Select spread is widening out and primal cuts, chucks and rounds, are big part of why beef is moving. Packers now have a light end of product to meet families needs and heavier cattle for institutions, restaurants and exports.
Hogs are not heavy, slaughter is dropping, pork prices are moving higher. It is hard to be a bear especially when large traders are bull spreading hogs.
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