Livestock AM Outlook
Daily Livestock Outlook
Beef movement has been getting lighter. This is positive. Beef buyers may be building supplies ahead of possible slow down.
Boxed Beef starting out higher Monday but on light movement of 110 loads. Futures down throughout the day but gave up most of the loss into the close. Volume fairly light.
Brazil and Argentina have plants that China has stopped taking exports. Both countries will need to sell beef and pork to other countries. But exporters may be coming to US Last week beef exports stronger than usual.
Moderate movement on pork on lower market with both loins and hams down. Butts up 23 cents and bellies up 3.26 higher kept carcass from dropping more but two main cuts, hams and loins down after recent move higher need to hold or pork and hogs going lower.
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