Midday pork update - Product looks to be lightly tested early today as buyers and sellers evaluate the market. Hams appear steady with bellies still very unsettled. In retail, loins and butts remain steady on the very early call.
Packers are looking to work cash lower early this week. They are looking to improve margins with lower cash.
DH, I haven't been watching cattle closely but will pay more attention, it just seems to be bearish to me at first glance.
Dewey