Written Commentary
MORNING LIVESTOCK OUTLOOK
Cattle weights are dropping and except to further declines. For feedlots the drop in weights is one factor that is usually supportive but will drop in cattle weights be enough to have affect with consumers buying less beef?
With China closing ports and air terminals which will slow exports from being unloaded, along with increasing their own hog numbers, it isn’t positive for pork. It is likely to see a backup of stored port this is scheduled for China.
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