Cattle Trends Higher
Livestock AM Outlook
With big moves on boxed beef over the last week buying cattle could be aggressive this week especially for Choice cattle that meet needs to fill previously contracted beef. The CoF report was bullish for cattle.
Big kill Monday. Close to being back to days reaching 500,000 head/day before COVID 19 slowed and temporarily closed packing houses last spring. With average weights at 215.97 pounds for last Friday’s and Saturday’s slaughter, it doesn’t appear packers are digging deep for hogs to kill. Actually, it looks the opposite, there are plenty of hogs.
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