Cattle Lower, Hogs Higher
Livestock AM Outlook
The demand might be for the last big beef grill out time Labor Day or because of smaller kill and packers need to fulfill previous contracted beef contracts. Whatever the case, demand has been moving up for cattle and beef. Smaller kills in the Midwest and the North should keep demand strong at least through the next two weeks if it is Labor Day demand and if filling contracts, demand could stay strong into the fall.
Pork improved Thursday with hams and bellies leading market higher. Likely Mexico buying hams and fresh bellies. US Dollar is cheap and so are hams and bellies. It will be important to see if packers have big Saturday kill. If so, look for stronger hog market.
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