Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Beef prices are slightly better this week with move higher on rib and loin primals.
Exports showed buyers weren’t concerned about tariffs. Exports at 13,400 mt were down 21% from the 4 week average. Global buyers didn’t add imports ahead of the tariffs when they knew tariffs were going to happen
PORK COMPLEX
Hog traders were rolling on Thursday and traders were encourage about the strong exports. The question: were exports up because buyers, especially Mexico and China increase purchases ahead of tariffs?
Daily price changes on bellies are like a big see-saw and depending on bellies price direction, it moves the daily carcass price moves with it.
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