Written Commentary
LIVESTOCK AM OUTLOOK
Boxed beef cutout dropped $1.50 Monday but movement of 85 loads was light. There are no holidays in March for retail specials, but demand has been strong. Will be watching in March if load movement increases.
Lean hog prices and pork prices keep chugging along higher. For February, the CME Pork index gained over $11.00 and the CME Lean Hog Index was up close to $13.50. Export demand has been consistently good and retail demand in the US has been good.
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