Written Commentary
MORNING LIVESTOCK OUTLOOK
Trade volume was light last week. Packers came out Tuesday in the Southwest and bought cattle $1.00 lower and didn’t have to work hard getting the cattle they needed. The spread in prices between the Southwest remains wide, but they aren’t paying the extreme highs as they did 2 weeks ago.
Pork sales were higher for the week. The 5 day pork carcass average price was up $3.03 on early pork sales Friday morning. With the lower hog kill, there is less pork available. It is a seller’s market.
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