Mexico Biggest Buyer of Hogs This Week
LIVESTOCK AM OUTLOOK
Consumers are fighting high cost of beef and buying lower grade beef and cheaper meat like ground beef. Tuesday morning ground beef made up over 27% of the load movement. By the afternoon combined trimmings and ground beef 36.95 loads or over 30% of total movement.
In hogs, export net sales were just 19,800 MT with Mexico the biggest buyer with 10,100MT followed by Japan with just 3,100 MT. Last month China wasn’t kidding when they said there was a glut of pork. They took 1,400MT and likely it was variety meats and offal. Exports need to be at least 25,000MT/week.
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