Courtesy of The Maxfield Report

www.themaxfieldreport.com
Last week began with only a limited number of offers from packers, a combination of better than expected sales the first few weeks in April and harvest numbers the past couple of weeks that have been running close to only 60% of levels of a year ago. As a result, packers found themselves in possession of exceptionally strong sold-forward positions and with the prospect that harvest numbers were not going to improve anytime soon had most only willing to offer a few “oddball selections”. 

Share this story: