Written Commentary
Livestock AM Outlook
Cash cattle higher Thursday and the reason, packers discounting heavy cattle. Next week and into December, if weights don’t break, packers will impose deeper discounts on heavy cattle.
Moving into December and 2021 look for fewer hogs. Unless packers have a lot of their own hidden and can bring them to kill, the problems of last spring and fewer sows bred will start to be more noticeable. However, global numbers are increasing and that is negative to US hogs.
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