Livestock

Below is a chart of the Box beef a metric of retail demand for beef.It literally is sold in a boxes thus the term Boxed beef. It ran up smartly when people were preparing for end of the world and now selling off as demand worries and possibilities of Less capacity for Slaughter as plants may shut down due to workers sick or state wide lock downs. It appears it sill has room to move lower.

Same story holds true for Hogs, Below is the Carcass values for Hogs, Comes out twice daily it is a metric of Retail demand. Quite a drop in prices isn’t it?The best thing for loww prices is low prices the worry is when will someone realize Hogs at this price are Cheap Helps explain a bit on why Hogs trade limit down these last few days.Also Quarterly Hogs report out earlier this week reported ample supplies.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.