Light Movement in Hogs
LIVESTOCK AM OUTLOOK
If you want cattle to move higher, it is good a positive indicator to see Choice primal rib sections move off their lows. Last fall when cattle rallied into December holidays, it was rib sections that moved the market.
The 5 day carcass average is up $4.03 compared to last week. Movement has been light to moderate which suggest packers are killing enough hogs to fulfill previously contracted pork and keep kill tight enough to make day to day buyers pay up.
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