Written Commentary
MORNING LIVESTOCK OUTLOOK
Boxed beef prices are increasing on considerably lighter slaughter. This week traders will be focusing on slaughter and if lower slaughter is backing up cattle. Also this week trade will be waiting to see what exports do.
Cattle on Feed report is on Friday.
The pork carcass 5 day average up $1.25 for the week. Pork movement on daily sales was light. Packers didn’t try to push hogs onto Saturday’s kill. COVID maybe a reason slaughter and pork movement are down but regardless a smaller kill is helping to keep pork prices up.
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