Cash Beef Market Improves
LIVESTOCK AM OUTLOOK
One of the lightest trading days on futures of the year. Traders know the COF report was friendly, they see cash beef market improve in the present, but with large premiums already built into the futures market, they want to see some sort of positive activity in market to keep premiums in the futures.
Good exports. Mexico a large buyer with light sales to other countries like Japan. China was out of the picture. From now China may buy US pork but only on special occasions probably around their 2 major year holidays.
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