Written Commentary
LIVESTOCK AM OUTLOOK
It will be interesting to see if packers increase Friday and Saturday slaughter. Daily beef prices increased Thursday on moderate movement. The jump in prices was due to packers short daily supplies as they first fulfilled previously contracted beef orders.
Trade volume on lean hogs was light again on Thursday. Traders didn’t seem bothered that China increased tariffs on pork. Of course, exports to China have dropped in 2021 and traders have already taken it into account exports to China will be poor in 2022.
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