Pork Prices Up, Slaughter Down
MORNING LIVESTOCK OUTLOOK
Pork prices are higher because sales are light and slaughter is down. At this time with pork prices going down, packers are slowing the kill to try to support the pork market. Slaughter was lighter because of blizzards and low temperatures but packers began slowing kill last week when predictions of bad weather was known.
Packers last week before the blizzard and subzero temperatures were cutting back on slaughter and continued to buy fewer cattle this week regardless of the weather. Slowing kill has allowed packers to fill previously contracted beef orders and also they have been able to jack up prices on the small amount of beef sold on the daily market.
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