Written Commentary
LIVESTOCK AM OUTLOOK
US beef exports in 2021 have been exceptional. According to the US Meat Export Federation all beef including variety beef from January 2021 through October 2021 were up 17%. Exports of beef cuts were up 19% and variety meat exports were up 9%.
Trade volume was very slow Lean Hog futures higher. Reaction to the report how it should have been with April gaining on summer months. However, Lean Hogs are big premium to cash and with global demand slow on US pork, don’t see premium remaining.
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