Written Commentary
Livestock Outlook
Cattle futures falling on technical trading more than negative fundamentals. Boxed beef is off last week’s high and now spec traders control trading in a non-spot month, par for the course.
Very strong pork exports last week with net sales of 53,600 MT. Surprise big buy from China and as usual Mexico a strong and consistently good buyer. Pork is a cheap protein and with cheap US Dollar it has been a bargain buy for exporters.
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