Look For Beef Prices To Fall
MORNING LIVESTOCK OUTLOOK
Unless exports increase, look for beef prices to fall back. Packers do a good job controlling slaughter and barring any surprises in beef demand, they will continue to control slaughter in the weeks to come.
Trade volume was light to moderate on Wednesday. After, Tuesday’s up move on Lean Hogs which was mostly traders spreading, on Wednesday traders that couldn’t push spreads more near the open, they liquidated. There are two days to trade in 2022 and liquidation will be most of the trade.
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