Written Commentary
LIVESTOCK AM OUTLOOK
Boxed beef took a hit to downside Tuesday and for comparing to past week sales the volume, it was fairly large. Large daily sales often mean sellers have too much beef that is over what they need to fill contracts, or they have to lower beef prices to sell it.
Tuesday pork cutout gained back losses from Monday and movement was larger compared to previous daily morning sales. Loins have been doing best between loins and hams. The Mexican Peso has regained most the losses it had after topping in January and falling through February. A strong Peso is positive to pork.
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