Weekly Livestock Market Update with Scott Brown, July 9th 2018

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Some highlights from this week’s Weekly Livestock Market Update: •This week in markets – Barrows and gilts are down about $.75 for the week. Current lean hog futures contract is down $.50 for the week in light trade volume. Pork cutout values are down $1.30 for the week, driven by weakness in ribs and hams. On the cattle side, live cattle up $3.65 for the week in light trade volume. While feeder cattle sold $5 to $8 higher. Current live cattle futures are down slightly this week, while current feeder cattle contracts are up $1.60 this week. Choice box beef price fell $5.33 this week, pressured by the decline in ribs and loins. •Trade and Tariff discussion – China implemented its additional 25 percent tariff on US pork imports as of July 6th. Scott and Meghan discuss the implications to US livestock producers. •The monthly US jobs report was released Friday morning – 213,000 more were added this month. •Next week’s reports – Monthly trade data, WASDE, Retail prices, and Consumer confidence.

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