Written Commentary
LIVESTOCK AM OUTLOOK
Big improvement on beef cutout Thursday. All Choice primals higher. Choice primal rib sections up $16.37 from Wednesday.
Feedlots are putting more cattle on the showlist this week which might temper cash prices. Packers on Wednesday started out bids in the Southwest at $121.00 and in the Midwest at $126.00.
Poor exports, and China’s sow herd increasing by 24% are good fundamental reason for hogs to move limit down Thursday. At 24% sow increase, that means the hogs increasing in China will be more hogs than the US produces in a year.
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