Extreme Southwest Heat Weighs on Cattle
MORNING LIVESTOCK OUTLOOK
The extreme heat in the Southwest has been moving cattle lighter and low grading as soon as a packer will buy them. High feed cost is another reason for lower grade cattle and the reason packers in the Midwest are paying big premiums in order to keep cattle on feed longer.
Packers are paying whatever is needed to get hogs. Paying up if they have to pay up to get enough hogs to fill contracted pork orders is what they need to do.
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