Pork Cutout Rises
Morning Livestock Outlook
Packers are discounting heavier cattle this week and to clean up overfed cattle, it has to happen. Feedlots need to see prices going up on cattle packers need and a discount on overweight cattle or they will keep feeding hoping as prices increase so will heavy cattle.
Pork cutout Wednesday was up .16 cents with hams up 6.34. Where hams are supporting the cutout, loins are keeping any rally from moving higher and were down 3.55. down to 71.11. Even with retailers planning on specials for loins, they can’t generate any steam to move higher. If anything negative happened to hams, the negativity will be quickly seen in lower hog prices.
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