The Pork Market Dropping
MORNING LIVESTOCK FUTURES OUTLOOK
The pork market dropping and the increasing hog slaughter pushed hogs lower Tuesday. The two top primal cuts loins and hams continue to drop. Besides for expectations for lower farrowings, there wasn’t anything in the report to move hogs up.
Volume was moderate Tuesday. The spreaders are bull spreading through the summer. Boxed beef is moving higher. There are fewer cattle and weights are down. Simple economics of supply and demand is moving beef higher.
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