Demand Concerns Linger
LIVESTOCK AM OUTLOOK
Boxed beef prices have dropped over the past week, and packer profit margins were down close to $75.00/head. However, packer profits remain high and big profit margins mean packers are using their available time they have to push cattle through the plants.
Trade volume was ultra-light Thursday. The Hogs and Pigs report was neutral so traders now will wait until January 2021 before they become active. Pork has been dropping and will continue to drop.
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