More on the beef 50s market today, which averaged south of $.60 lb last week despite the $.8475 settlement that Monday Monday. As a matter of fact, and you got to like those, late last week’s high trade in 50s was a whopping $.20 lb. less than Monday’s settle. Strong steer heifer slaughter has weighed on beef 50s for most of this year. We view the risk in the beef 50s market to the upside as output expansion tempers in the coming months. But it would not surprise us if any market gains are mitigated at times due in part to heavier cattle weights.
