Written Commentary
LIVESTOCK MORNING OUTLOOK
Cash cattle prices are going to depend on how hard packers are going keep playing hardball. Beef movement is good, and the cutout has been slowly improving. However, the cattle in the North and Midwest remain too heavy.
Pork carcass cutout started out Tuesday on fairly strong movement with all primal cuts higher but afternoon sales reversed on strong sales and carcass closed down $1.15 with hams leading the down move. Loins were up $3.50 but loins at $75 to $85 are cheap and retailers buying loins at recent low prices are able to markup prices and sell pork loins to compete with high priced, whole chickens, chicken breasts and ground beef. Compared to beef roasts, pork loins could be used to keep other meat prices down.
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