The Jacobsen Commentary and Market Opinion—16.06.09

Courtesy of www.thejacobsen.com

Trading in the early part of last week was quiet but seemed to pick up on Thursday. However, even with the pick-up, expectations were that business would be softer than in the previous week. Interest remained on bargain material and this was a good opportunity for processors to clean up as buyers looked for cheaper alternatives to $38/$39 steers. The cow market was reported better, but did not see the flurry of increases that steers did. This is understandable since they are destined for different outlets.

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