USDA tightens 2023 beef supply, adds to pork.

Futures added on to yesterday's positive gains. Live cattle futures are priced as though the summer low is in. USDA suggests 2023 beef offered to the US consumer will fall to levels last seen 2014 - 2016. Feeder futures, especially with lower trade today, posted a second day of big gains. Feeders are confirming that long term bottom and suggesting strength into 2023.

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