Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
There is a two sided beef market and so far it has been positive. Rib and loin primals are moving choice beef prices higher. Select chucks and rounds primals are higher priced than the choice cuts. There is demand for both grades. It shows there are consumers paying for the most expensive cuts and buyers also wanting the cheapest cuts. Chucks and rounds are going to the grinders and processors.
PORK COMPLEX
Pork prices were up Thursday as bellies added most of Wednesday’s lower belly prices back on and hams moved up by 4.49. But when there were just 184 l loads of pork sold on the daily market. The limited pork offered is going to be higher. higher pork prices didn’t help lean hog futures nor did packers pushing slaughter.
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