Written Commentary
MORNING LIVESTOCK OUTLOOK
Net Sales of beef exports were strong last week. Net sales made a marketing year high.
Boxed beef prices have been improving for higher end cuts, Choice rib and loin primal cuts. This could be the retailers that still buy on the daily beef market and are buying for Easter on April 17th and for Passover beginning the evening of April 15th for briskets.
Feeders are trading grains. Thursday, corn and wheat were lower and feeder cattle were higher.
Trade volume in hogs was light Thursday. The majority of trading was spreads unwinding.
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