Written Commentary
CATTLE
Compared to last week, Steers and Heifers sold steady to 2.00 higher. Lighter receipts this week due to the holiday occurring this weekend especially in the Northern Plaines and Southeast this week as most sales take some time off.
School lunch program moves US beef and poultry. There are some cities that are continuing programs for low income areas. But with schools and universities delaying or partially reopening, the demand for beef and poultry will be slack in 2020.
LEAN HOGS
Pork cutout started out Monday up 1.50 but reversed on afternoon sales to end up down 2.12. Loins down 3.26, hams that were up 10.12 in the morning ended the day down 2.96. the only pork primal higher on the day were butts up 67 cents. Biggest movement are whole carcasses that are being broken down and further processed to trimmings and ground pork.
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