Written Commentary
MORNING LIVESTOCK OUTLOOK
Live Cattle trade volume was light on Thursday which is similar to the light movement of beef. Futures are in a tight range. This is the time of the year when beef demand slows and unless buyers begin to stock up for early spring sales, it will be hard to get beef moving higher. However, weights are dropping and that should be supportive.
Packers are able to keep the cutout from falling apart by killing fewer hogs. For the week, compared to a week ago, slaughter is down 14,000 head.
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