CATTLE: Cash cattle so far: $155.00-157.50; on 148 boxed loads cut outs mixed @ dn. $1.05 @ $249.81(c), up. $1.38 @ $244.24 (s) good demand; Carcass Equivalent: $232.89 dn. $.51.
COMMENTS: There’s now talk that with a cow kill seen off 15-20% as they go off to pasture that we will see an even lower domestic availability of beef for another 12 months on that herd rebuilding. Peak cow/bull hold back? Open interest fell 1170 led by August off 6,350 amid good volume.
No fresh opinion, hit our near term perimeters fairly well.
Interior cash hogs lower @ dn. $2.41 (W), N/C $124.56 (E): rough avg. $126.00. Pork cut outs rose $1.25 @ $135.96. Lean index 07/16 @ $134.17 up. $.16.
COMMENTS: As much as conjecture over PEDv has been alive for months, hog futures nearby are rather non-plussed by it all. Hence a trading affair remains in order. Open interest little changed in total amid moderate volume.