Written Commentary
MORNING LIVESTOCK OUTLOOK
Monday through Thursday Choice boxed beef has dropped $8.65 and maybe more importantly, Choice beef is dropping faster than Select boxed beef. It shows consumers are wanting to buy cheaper beef. It is a negative near term outlook for the beef market which could bleed over to the cattle market.
Thursday, Lean Hog futures were lower for February and April but gained back early Thursday morning losses for June Lean Hogs on out. However for April Lean Hogs on out, traders continued to bear spread.
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