Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
High prices have not hurt US consumers so far, but with high tariffs on imported lean beef prices will rise at a time when ground beef has become the fastest growing beef product. Poultry prices will benefit.
PORK COMPLEX
Packers are taking lighter hogs from hogs they sell (packer sold) and hogs they own (packer owned) compared to producers sold hogs. Packers are concerned about tariffs. Selling less pork will also hurt the pork packers.
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