Written Commentary
MORNING LIVESTOCK OUTLOOK
Boxed beef was higher on Monday but movement was light with a total of 90 loads. Live Cattle futures were higher through February 2023. For a day after a Cattle on Feed Report the volume was light to moderate.
Cash pork was higher early Monday with ribs, hams and bellies higher. Loins were down a few pennies. Traders were likely trading the increase of pork over a year ago in cold storage, but there is no telling when owners will let it go.
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