Written Commentary
LIVESTOCK AM OUTLOOK
Consumers are wanting hamburger over steaks. Monitor the beef market. Beef rices can continue to move up on demand for lower priced primal cuts. As pointed out in several reports, the US needs cheap beef and with tight global supply for beef, procuring it may be difficult.
Thursday need to see increase in exports and not the lousy number of a week ago.
Weight of hogs are dropping, slaughter is going down, pork is cheap in relationship to other meats, and demand is good. That’s the plus side. The question? Will traders reverse summer/fall and winter spreads. Are prices real or are prices for October, December and into 2022 simply speculators using the markets.
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