Rally in Beef Prices
LIVESTOCK AM OUTLOOK
The possibility of cattle costing $116 or more in February isn’t out of the realm. At this time I don’t see it happening, but it could happen.
Monday, traders pushed aside the Cattle on Feed report They seem to feel by the end of March and April there would not be as many cattle available and demand for beef will improve.
Pork prices lower Monday on daily cutout and about 70 cents higher on 5 day average. Like boxed beef sales were light with about 308 loads moved, a fraction of hogs killed.
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