Written Commentary
MORNING LIVESTOCK OUTLOOK
Retailers give a fancy marketing name to Select beef making it appear it is something special and price it so consumers believe they are getting a better deal. But there may be more to the price increase than retailers profit margins and lighter lower grading cattle. Cattle slaughter year to date as of Saturday June 4th is up 1%. Exports have been better in 2022. From steaks to ground beef and trimmings – consumers are buying beef.
The price of hogs is about the number of hogs US packers have to slaughter. Until slaughter numbers increase and more pork is available for daily pork sales, prices will be high. Going forward it will be extremely important to watch US hog slaughter.
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