Written Commentary
LIVESTOCK AM OUTLOOK
Once again lackluster beef net export sales of 15,700 metric tones. There were no really big buyers but it is good to see Japan top buyer both in beef and pork. The US needs to get Japan back as one of the consistent top buyers. Trade volume was slightly better Thursday but over all just moderate.
Pork prices and Lean Hog Prices are steadily slipping away and it is obvious why. China has rebuilt it hog herd and plans to continue to expand and the US has to compete with Brazil and the EU who didn’t have a tariff war with China and set new large agreements while the US placed tariffs on Chinese goods.
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