Written Commentary
Daily Livestock Report
Slight improvement on beef prices last week. Possibly beef has bottomed. Kill is increasing along with heavier cattle. Movement favors ground beef and trimmings.
Specs have taken over the cattle futures. It has been a yoyo this past week. The reason: there is little hedging pressure.
Hams gaining nearly $10.00 over 5 day average. Loins steady and carcass gain nearly 3.00. Volume Friday was moderate. Keeping watch on exports to Mexico.
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