Small Movement in Beef
MORNING LIVESTOCK OUTLOOK
The total beef movement Monday was just 82 loads. 82 loads combines all the beef sold on the daily market from all federal inspected packing plants. When packers killed 121,000 head on Monday, 82 loads can’t even be considered a drop in the bucket. However, with boxed beef higher, the small beef movement normally means packers fulfilled their contracted beef orders first and had just 82 loads to offer on the daily market.
Slaughter numbers for hogs have been dropping but weights have been going up. Combined weights for Friday and Saturday’s kill were 290.0 pounds live weight and 216.85 carcass weight. With weights going up and slaughter going down, it indicates packers are controlling the number head slaughtered.
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