Written Commentary
LIVESTOCK AM OUTLOOK
It does appear packers are now needing heavier cattle. In Nebraska on Thursday, $200 dressed was paid for steers averaging 946.3 pounds and 195.00 for steers averaging 874.6 pounds. This is positive.
Noticeable in cattle that are being priced that feedlots are moving cattle in the Midwest that aren’t finished. It is unusual to see groups of cattle being sold grading 65% to 80%.
After a couple weeks of light buying Mexico is back buying pork. Strong buy for last week and exports appear to be good now but can change before they become actual net sales. Look for Japan to pick up sales from the US but with China building inventory, Japan and other Asian countries will take on some Chinese pork processed products.
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