Written Commentary
MORNING LIVESTOCK OUTLOOK
Fewer cattle available for slaughter, solid demand for beef, lighter cattle, expectations of fewer cattle and consumer demand line up for higher cattle prices.
For the week ending February 2nd net export sales for hogs were 28,800MT. Exports were down from last week but exports are still good. Mexico was the largest buyer followed by South Korea and China took 3,400MT. As long as exports average above 20,000MT per week it is positive.
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