Written Commentary
LIVESTOCK AM OUTLOOK
Weights are dropping, and packers can’t get over 650,000 for the week to slaughter. There aren’t excess cattle. Cattle are current. Last week Texas cattle for both steers and heifers, mixed loads, and grading just 35% to 80% Choice/Select all sold for $120.00 and the buy was over Thursday.
Pork continues to improve and with light kill and very light movement of pork on the negotiated sales, it should improve. Monday there was only 220 loads of pork primal cuts moved and almost 18 loads of trimmings sold. Of course, any pork available for sale on the daily market is limited when kill is down to 414,000 hogs and sellers first must fulfill contracted pork.
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