Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Choice boxed beef prices going down now is contra seasonal especially when slaughter is also down over 6% for the year. It either shows contracted beef sales and daily sales are expected to be less for the holiday season through New Year’s Eve or contract buyers have beef needs met.
LEAN HOG COMPLEX
Cash pork prices moving higher with cash hogs just slightly higher and going up slower than pork is exactly what packers want. Pork is also increasing as the slaughter levels have increased.
Pork is also beginning to move up while beef prices have been moving lower.
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