Big Supply Ahead
MORNING LIVESTOCK OUTLOOK
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Cattle weights are increasing because packers pay the most for the heavier Choice and Prime Cattle. If a feedlot sells light cattle with loads that may be 35% Choice to 65% Select or 80% Choice and are light, the price can be $4.00 to $7.00 off the top price.
World pork supplies are growing and the US has lost exports especially to Asian countries. Fortunately Mexico has been taking more US pork this year along with several South, and Central American countries. But losing Chinese and Hong Kong exports is what has hurt sales.
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