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Prices Drop For Cattle

Morning Outlook

Cattle prices have been dropping because there are too many Yield Grade 4’s and 5’s along with too many dead head 1’s and 2’s.  Too many big Choice and Select cattle are a problem to sell and have so far kept the  lid on Yield grade 3’s from moving higher.

Mexico is a weekly consistent buyer  and likely reason fresh hams are strong. China small buyer. Could have topped big buying for year with Harvest Festival over. Plenty of poultry and pork available in China.

Pork market gained $4.80 for the week. Loins and hams both higher, bellies $10.00 plus. Butts and picnics were down and ribs steady. Movement was fairly light.

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