Written Commentary
MORNING LIVESTOCK OUTLOOK
Beef exports at 15,200MT are not where they should be. China the largest buyer at 6,200MT followed by Japan with 3,200MT and South Korea taking just 1,200MT. No big buyers. Exports started out the year strong but have been backing off month after month.
Pork prices were higher Thursday with bellies up 16.93 which is going to change the daily cutout but loins were down 1 cent and hams up 1.59 do little for the cutout. The 5 day average carcass was down 39 cents.
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