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Weekly Beef And Pork Exports Good

LIVESTOCK AM OUTLOOK

Daily movement of beef is increasing and with increasing movement, it appears packers are “dumping beef.”  Whatever packers don’t use to fill previously contracted beef orders, they sell on the daily market.

Beef exports were good at 25,500 metric tons. If exports can average 25,000 metric tons per week, it is what is needed to maintain a healthy export market. China was the  biggest buyer probably making up for some of the exports they aren’t getting from Brazil.

Pork exports at 25,00 metric tons are what is need for pork to Average.  Mexico the biggest taker.  China absent from last week.

Pork is getting cheap.  Pork loins on the 5 day average at $86.32 and hams at $78.21 are cheap meat products.  The drop in pork prices has been consistently lower.  Like other modern hog producing countries, China is now going to corporate hog production.

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