Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LEAN HOG COMPLEX
The high prices for beef are supportive for pork.
Pork export sales for week ending February 26th were 36,100 mt compared to last week at 42,600 mt, down 15% from a week ago but up 8% on the 4-week average. Mexico took 22,400 mt compared to last week at 25,600 mt.
Japan bought 3,800 mt compared to previous week at 4500 mt, South Korea took 2500 mt.
CATTLE COMPLEX
A couple thousands head moved in Nebraska Tuesday at $372.00. They were $8.00 lower than last weeks dressed prices.
If a strike does happen, weights will increase.
President Trump could stop workers from going on strike using the defense protection act.
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