Written Commentary
LIVESTOCK AM OUTLOOK
Cattle slaughter was 566,000 head this week because Thanksgiving stopped kill on Thursday. Hard to say what packers would have killed this week but if they killed just 115,000 head on Thursday, it would have been 681,000 slaughter.
Brazil not selling beef to China but now selling to Russia.
Cash hogs are falling. Negotiated hogs have been a bell ringer to what hog prices may be. Average weighted price $55.13 but also, formula hogs dropping as low base price declines.
Pork is dropping and getting hard to sell exports. In 2022 it will be harder with increasing global hog numbers. China and other countries including Mexico have plenty of countries where to buy hogs.
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