Labor issues at that JBS beef plant in Colorado plowed an otherwise positive beef trade in our review. Beef packer margins improving here last week.
By the way, happy St. Patrick’s Day. The Irish and friends of Irish, heavy consumers of beef and various beverages as well. But spring coming up here at the end of the week, and that consumer demand we think will continue to again be a positive factor.
Beef exports certainly are have been they are ahead of the four week average, but just below levels of a year ago, but just less than 1%. June live cattle futures continue to find buyers on any pullback. We think key support will be last week’s low.
Watch that 224 level on June live cattle.
Audio Reporting by Mark Oppold for Southeast AgNet.
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