Written Commentary
MORNING LIVESTOCK OUTLOOK
Boxed beef has turned up the past 2 days. The spread between Choice and Select beef is widening with Choice moving up more than Select. Prices are increasing for rib and loin sections as well as the middle and lower priced cuts.
August Lean Hogs went off the board at 121.72 and settled at 121.71. October Lean Hogs on Oct 12th settled at $100.02. The spread was 21.70. The spread is wide but can get wider or narrow depending what spec traders want to do between now and Sept 29, 2022 when the next Hogs and Pigs report is released or until October Lean Hogs expire.
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