Livestock Futures Volume Extremely Light
MORNING LIVESTOCK OUTLOOK
Boxed beef came off morning highs with drop on Rounds, Chucks and Flanks. Gains on Rib sections and Loins is positive. Cattle traders are waiting for cash cattle prices.
Tuesday futures volume was extremely light. Currently the carcass support is at the retail level with expensive bacon that cost more than pork chops, pork roasts or hams and barbeque restaurants and home smokers are buying butts. Butts are priced higher than loins and hams is unusual.
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