Trading Light Ahead of COF Report
MORNING LIVESTOCK OUTLOOK
Trading likely to be light Friday ahead of Cattle on Feed Report. However, the traders are going to be looking at the down move in boxed beef and the cash market. Beef exports at 17,300 MT improved over last week but are below the weekly average needed .
Pork carcass was up Thursday but still remains below $80 with Loins barely above $80.00 and Hams below $80.00 on the 5 day average. Thursday the 5 day average for Bellies was $90.00.
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