Written Commentary
LIVESTOCK AM OUTLOOK
As expected packers paid up for Southwestern cattle. Prices on Fed Cattle Exchange at $110. Look for packers to discount heavy cattle more with Yield Grade 4s and 5s discounted $10 to $15 until heavy cattle are cleaned up probably mid to late January 2021.
USDA Hog/Pig Report is in line with estimates. The drop in prices of last spring did next to nothing to reduce hog inventory for 2021.
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