High Weights, Weak Demand
MORNING LIVESTOCK OUTLOOK
Mammoth cattle are still moving in the Midwest and are priced accordingly to weight. But there are feedlots if cattle are weights packers want and because cattle have been pulled forward from January contracts in the Southwest asking $112.00 this week.
Hams are down over past two days $11.85 from where they closed Friday and fell $10.87 below loins in one day. Large global supply outlook for 2021 will limit US exports. However, it is normal at this time for hams to break as retail grocery stores have needs met and ham smokers are curtailing buying.
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