Lower Prices in Livestock Futures
Livestock AM Outlook
Iowa and Nebraska still fighting with heavy weights. Packers are paying more for cattle in Texas, New Mexico and Oklahoma for loads grading from 35% to 80% Choice to Select than they pay for Choice heavy cattle.
Hams dropped below loins Wednesday losing 8.87. Loins were also lower down 1.25. If it were for bellies up 7.90 and picnics up 3.08, the cutout would be a mess. But when 50 percent of the cutout are hams and loins, it already is a mess.
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