Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Boxed beef load movement has slowed. Demand for rib primals remains strong, but biggest change is for the rounds, chucks and briskets. Consumers for immediate purchases are buying the least expensive beef before the holidays and retailers are finishing up the last needs for holiday dinners.
PORK COMPLEX
Packer pork profit margins are positive. However, traders are bear spreading so positive margins likely to change into 2025.
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