Written Commentary
MORNING LIVESTOCK OUTLOOK
The load movement on all daily boxed beef has been light. When the load movement for all beef sold is just 113 loads, it isn’t much of a representation of the beef market, but it is what we have to use and now, beef prices are going up.
Cold storage report showed since January there is more beef in storage and the largest percentage were beef cuts.
In 2015, the Avian Flu wiped out millions of birds. Hog traders feel there could be a need for more pork. If it is similar to 2015, it did push up hog prices for a short time. However, by the end of 2015, chicken meat production was up 3.8 percent.
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