Written Commentary
Morning Livestock Outlook
Beef movement was fairly large Wednesday on lower prices.
Feedlots were active sellers in Iowa/Minnesota, Nebraska and Kansas on Wednesday. Midwest feedlots concerned about cattle getting too large started selling. Cattle/grain producers looking to start field work wanted to move cattle.
Hog traders are expecting another strong export sales on Friday. Cutout on Wednesday doing its usual intra-day bounce with hams up 2.54 early and closing the day down 5.66. Pork loins are under pressure.
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