Demand Could Take A Hit
LIVESTOCK AM OUTLOOK
Cattle are being held off kill due to problems with moving cattle, plants working at slower line speeds and problems with getting meat out the back doors to retailers, but they will be coming to kill and could see strong beef prices for a bit and steady to lower cattle prices when movement out of feedlots want to get cattle to kill.
Early sales Wednesday had bellies up $18.07 but by the afternoon bellies were only 31 cents higher. Hams were down 31 cents by the afternoon and loins were down 1.99. Cutout went from .41 higher in the morning to down 54 cents by the afternoon. Sales were just 277.56 loads. Movement is light some due to weather but demand has been solid for most of 2021 with retailers contracting pork months ahead of most deliveries taking place at this time.
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