DTN Livestock Open: Weekly Exports Hold the Key to Price Potential

    Photo: Blair Fannin, Texas AgriLife Extension

    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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