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Beef Production Higher


Feedlots can’t seem to get to a point where what they have to move equals what packers need.  The 5 day average steer weights average 1500 pound and dressed steers average 957.  Showlist sales in the Southwest are at packers discretion and last week sales totaled 3,689 head in Texas, New Mexico and Oklahoma. There are a lot of good cattle with average grade at 85.8% so that isn’t a problem except they are big cattle.

Just a little over 200 loads moved Friday. Like beef packers are taking hogs to fill kills and not extra. Kill is down 3.8% for the year and should narrow margin over the next couple of weeks.  Pork demand is good and like beef, this week traders will be waiting to see if exports can’t increase after last week’s slow net sales.

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