Written Commentary
MORNING LIVESTOCK OUTLOOK
Weights have been increasing in the Midwest and for this time of year beef buyers don’t have to search for Choice product with heavier higher grading cattle in the Midwest. Monday morning there was demand for Select cuts, trimmings and ground beef. It shows consumers are buying beef, and they want cheaper beef and Choice beef.
CME Lean Hogs to the CME Pork Index is narrowing. But hogs are still over the price of pork. Packers need to keep discounting hogs and keeping pork steady or pork falling less than hogs.
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