Written Commentary
LIVESTOCK MORNING OUTLOOK
Steaks and hamburgers – Stronger exports, people going back to work, $1400 stimulus checks and an increase in foods all appear to be building demand for beef. Exports are better. To top it off, we are killing fewer cattle and as weights drop, there will be less beef.
As long as market is bull spreading, it is hard to fight it. The price of hogs could keep moving higher or turn lower. As of March 19th, federal hog slaughter year to date was down 4.4%.
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