Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Beef prices are moving up. After 3 weeks of very light slaughters, beef supplies are low. It is that simple.
Mexico is waiting until April 2nd before imposing retaliatory tariffs on the US tariffs.
PORK COMPLEX
Bellies are giving all the gains up they made in February. Packer margins now are negative.
Tariffs will hurt pork prices. Canada and China putting tariffs on US pork will have both countries buying pork from other countries.
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