Written Commentary
MORNING LIVESTOCK OUTLOOK
Pattern of buying is the same as it has been over past 4 weeks. Packers pay up for bigger heavier Choice and Prime cattle in the Midwest and far less for cattle in the Southwest.
On light volume hogs bounced off lows and settled at 110.97 for June on the 100 day moving average. For us hog producers, slaughter is nowhere near capacity. As of last week, year to date slaughter is down 6 percent. Fortunately, the us also has a good buyer, Mexico.
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