Beef Production Up
LIVESTOCK AM OUTLOOK
A severe cold front has blown into the US with sub-zero weather. Blowing snow will make moving cattle difficult in some areas but the harsh weather will also keep consumers indoors.
Packers tried to keep prices steady last week but ended up paying a strong $1.00 higher with steers in Iowa selling up to $114.50 with USDA posted $115.00 for 100 cattle delivered.
Blowing snow could slow some hogs this week but unless pork cutout jumps in price, don’t look for packers to attempt to pull more hogs to slaughter with higher prices. Unless roads are hard for travel, loading hogs is no longer dependent on temperature, Consumers in the US were stocking up with forecasts of cold weather.
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