Written Commentary
MORNING LIVESTOCK OUTLOOK
Boxed beef starting out Monday morning higher but a typical light volume beef trade. Choice rib sections were the driver up $5.74 with loins, chucks and rounds slightly higher. Briskets, plates and flank sections were all down.
Don’t expect much trading volume this week. Traders will be waiting for the Feb 24th Cattle on Feed Report and Thursday’s exports.
Pork movement was light Monday. Only 317 loads of pork and trimmings were sold.
Weather is conducive for optimum growth so should start to see higher rates of gain. But feed is high priced and any producer that can control the time when hogs are moved to slaughter is going to move as soon as they are ready.
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