COF on High Side of Estimates
MORNING LIVESTOCK OUTLOOK
Cattle On Feed report was on the high side of the estimates, Marketings were on the lowest estimate and below the average and Placements appear to be a surprise but with the amount of placements and locations of placements, cattle were moved from lack of grass to feedlots.
As of June 2022, for the first 6 months of 2022, pork exports in the U.S. were down 19% for pork cuts. For all pork plus variety meats combined exports were down 18% with China down 47%, Japan down 9%, Canada down 15% and South Korea off 4%.
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