Lean Hogs Down For Sixth Day
MORNING LIVESTOCK OUTLOOK
Lean hogs closed down Thursday for the 6th day. From the contract high made on December 27th February 2022 Lean Hogs dropped from $91.60 high to $81.60 and the low support back to December 15th. Other months had similar down moves.
Choice boxed beef continues to move down Thursday. It is the time of the year when consumers aren’t going to spend their hard earned dollars on expensive beef cuts, roasts to steaks, and they buy cheaper beef. They still will buy beef, but cheaper beef like ground beef can be stretched as consumers plan family meals.
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