Written Commentary
MORNING LIVESTOCK OUTLOOK
Traders will be looking for strong pork exports. Exports will be an important key going forward for lean hogs especially exports to Mexico. In 2023 Mexico with a new trade agreement will buy more pork from Brazil. Increasing pork from Brazil is to help .
Trade volume in Live Cattle was quiet Thursday. It is unlikely large traders are going to initiate positions before next year and probably won’t until the first full week of trading in 2023. The COF report was friendly but not friendly enough to call it outright bullish. We need to see fewer cattle on feed and lower placements into February and March.
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