Written Commentary
Daily Livestock Report
If heat over next week doesn’t move cattle weights lower, then the back up is still around. Across southwest and Midwest many areas have temperatures in high 90’s with indexes above 100.
From last month weights have been slowly working down. The high and constant temperatures is one reason. Another reason, packers have been working through cattle that were backed up. Big Saturday kills certainly are helping. The daily slaughter has been off from 1% to 2.5% compared to 2019. Packers make up the lighter week day kill on Saturday.
Pork cutout was down on Thursday. Except for loins, every primal cut lower.
Exports were strong with Mexico the biggest buyer which is not a surprise with hams and fresh bellies moving up. Mexico has for years been one of the best buyers of hams and bellies where they are trimmed out. China is buying but far from the large loads it took the first quarter.
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