Written Commentary
LIVESTOCK AM OUTLOOK
A handful of cattle were sold yesterday, likely cleanups considering prices. But so far there are no firm bids or offers from packers and feedlots are just hoping prices move higher.
The belly market is the leader of the pork carcass which is a little concerning but hand to mouth buyers that use the daily market to buy are at sellers whim. After sellers fill contracted orders, the bellies put on the cash market and competition for bellies sets the prices.
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