Written Commentary
Livestock AM Outlook
Tuesday early boxed beef sales higher with strength from middle meats the primal Chucks, Rounds, Briskets and Flanks.
Live cattle futures are out of a spot month. Specs take over “anticipating” October prices.
Taiwan is dropping age restrictions on cattle and allowing ractopamine in pork. Both are positive to US meat and could allow more competition with Brazil’s exports to Taiwan.
Pork movement moderately good movement with 413 loads on Tuesday compared to total movement on Monday at 310. 95 loads. Loins were up 6.54 in the morning and ended up strong gaining 6.19. Total cutout gained 1.92. Hams put on 2.93 with picnics keeping trade from being up harder falling 6.56. Bellies up fractionally up 33 cents. Butts up 6 cents and ribs remaining strong up 1.61down 8.16 held market in check.
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