Pork Values Drop
MORNING LIVESTOCK OUTLOOK
Packer in Nebraska paid up to 124.00 Monday. The rest of the country was quiet. Feedlots asking up to 124.00. Kill will be lighter this week. Over the next couple of weeks price will depend on how bad packers want cattle. Beef prices are slipping. Father Day buying is essential over. Next holiday is July 4th normally a hamburger holiday.
Weights are dropping and slaughter levels are dropping. Last Friday’s and Saturday’s combined two slaughter day weights averaged 210.99 pounds. With hog inventory build-up in China, they won’t need to buy pork as they once did because of fewer farrowings in the winter. China is going to have like the US, round the year productions versus times when pork supplies dropped in the summer.
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