Lower Livestock Prices
Livestock AM Outlook
It will be important to watch Select boxed beef movement over the next week. The US cattle industry is known for Choice and Prime beef. Putting too much Select on the market especially if it takes time to clean it up, could weigh on prices. However, it could help exports to markets wanting the Select products over Choice.
Hog weights are not going down. Slaughter is up 1.1% year to date and for the week kill is 33,000 head more compared to a year ago during the same week. Hams need to maintain the strength in the market unless loins can take over, but loins have not been the reason for the stronger cutout.
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