DTN Early Word Livestock Comments 03/04 06:23
Weekly Exports Hold the Key to Price Potential
Live cattle futures were able to hold well despite steady cash trade
developing in the South and less money in the North. This is somewhat
disappointing, but not completely unexpected. With weakness in futures and
boxed beef, it may be difficult to expect higher prices. Hog supplies are
expected to tighten as the year progresses, but significant weakness of cutouts
may indicate price resistance or increasing supply.
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