Written Commentary
Livestock AM Outlook
Exports were good on beef last week. If net sales of 24,7000 metric tonnes took place every week, it would be bullish. Feeder futures in a sideways trade. Trade volume is so light, it doesn’t take much to move feeder futures.
Hog weights have been creeping up. It shows packers aren’t pulling hogs forward. It appears packers are buying just the amount they need to support prices higher hand to mouth pork prices specifically hams and bellies.
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