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Linn Group: Early livestock comments

A few thousand more cattle traded in Texas on Thursday at $91.00 live. Although volume for the
week is still on the light side, it appears packers may be done since they are buying for a short kill week
next week. Many likely will be starting the long weekend early.

The choice cutout was up $0.06 at $155.62 last night, with the select up $0.29 at $146.96. Volume was
very light. There was no consistent trend in the primals. Though we did hear of more problems with
rounds, USDA quotes held together well. Loin steaks seemed to enjoy a last minute boost in demand for
the holiday as did some rib cuts.

Cash hog market calls are steady to $1.00 lower again this morning. Trade is expected to be very
limited ahead of the long weekend. Three plants are dark today and there is no slaughter scheduled for
Saturday or Monday at any major plants.

The pork cutout gained $0.52 last night. Loins were unevenly steady, with butts 1-2 cents lower.
Fresh pork cuts are definitely not seeing the last minute demand for the 4th that some beef cuts have
enjoyed. Heavier hams were quoted 2 cents higher on a combination of strong deli demand and limited
production short term. Bellies traded steady.

A few thousand more cattle traded in Texas on Thursday at $91.00 live. Although volume for the week is still on the light side, it appears packers may be done since they are buying for a short kill week next week. Many likely will be starting the long weekend early.

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