Written Commentary
MORNING LIVESTOCK OUTLOOK
With volatility from technical traders especially algorithmic spreaders and the fundamental news with the war in Ukraine plus consumers fighting as best they can inflation happening to food , anything can happen in a non-spot trading month of March 2022.
Boxed Beef had a bad week. The Choice composite price from a week ago was down $7.58 and the Select composite price was down $7.22. Choice primal ribs lost $16.59 for the week.
The pork market has been strong. From the January 31st to the final price on February 25th, the five day average carcass price is up $15.85. Year to date slaughter as of Saturday, February 26th is down 8%.
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