Written Commentary
LIVESTOCK AM OUTLOOK
It is still stifling hot on the West Coast which limits meat demand. It also limits feed efficiency and will limit Mountain and Western feeders this fall. The cattle industry doesn’t need light and Select grade cattle moving to market.
Decent beef exports last week with 23,700 net sales. If sales can remain at this level , it is positive. South Korea remains best buyer in 2021.
China announced it will buy 20,000 metric tonnes of frozen pork for reserves. Last week’s US exports to China were 16,300 MT. China is also the largest buyer of US pork variety meats.
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