Written Commentary
LIVESTOCK AM OUTLOOK
The average cash steer price last week was about $4.00 over the previous week. The reason, the price spread between Southwestern cattle and Midwest cattle has not only disappeared but not favors cattle in the Southwest. Cattle cost more in Texas than they did in Iowa and Minnesota and compared to a week ago, they are all higher than a week ago.
Lean Hog volume increased for February 2022 into August on Tuesday. With December 2021 hogs going off the board next week settling at $72.07 is enough in line with the CME Index at $70.78.
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