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Reverse Direction For Beef

LIVESTOCK AM OUTLOOK

Boxed beef current price is trading over the 5 day average.  This is usually an indication beef market is reversing direction.  Big move on Choice primal rib sections is positive heading into holidays.

From the CME Lean Hog Index, the CME Pork Index, cash carcass prices to negotiated hogs, all prices dropping.  The low base price on carcass based hogs has been moving lower.

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