Written Commentary
LIVESTOCK MORNING OUTLOOK
Live Cattle, Feeder Cattle and Lean Hog futures were lower Wednesday as grain prices surged. Cattle feeders should remember the old adage, High feed prices, high cattle prices.
The latest USDA swine production from February for China was 550,000,000. The latest USDA production for the US was 144,140,000. Last week China announced production for first quarter was up 31%. A 31% increase adds 170,500,000 to the population, more than doubling total US yearly production.
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