Trade Volume Increase in Live Cattle
MORNING LIVESTOCK OUTLOOK
Trade volume increased on Live Cattle Wednesday. Boxed Beef continues to move higher. Beef export at 16,600 MT South Korea took 7,100, Japan next biggest buyer at 3,600 China took 2000 MT. Last week exports were only 13,200 MT and Japan the largest buyer took just 5,300 MT followed by South Korea with only 2,900 MT. China cancelled and didn’t take any beef.
Very good pork exports at 40,800 mt Mexico at 14,800 mt, Japan 11,000 mt, Australia 3,500 mt, Canada at 3,100 mt, China at 3,000mt last week net exports were 29,900 mt. Exports should help lean hog futures.
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