Written Commentary
LIVESTOCK AM OUTLOOK
Traders are waiting for exports this week to see if they remain poor as last week. Feedlots asking higher this week as showlist is light. High temps on western US is negatively affecting beef sales. Packers slow with coming out with price this week.
Good to see Mexico back in pork but like to see as bigger buyer. 24,500 MT is minimum needed to move each week. China buying their now regular amount.
Futures trading also light. Slight correction on spreads Wednesday. Kills are light and demand for pork has been moving pork up since first of the month. Going forward, hard to see more hogs.
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