Written Commentary
MORNING LIVESTOCK OUTLOOK
After Wednesday’s Live Cattle rally there was no follow through buying Thursday. Traders may have been disappointed that for the second week exports were lower than an average week and the possibility exports will continue to stay down with the surge in exports the first few months of the year may be reversing.
Pork was higher Thursday on very low load movement with a total of 207.99 loads that included 18.18 loads of trimmings. When hog numbers are down, packers don’t have enough pork to meet demand.
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