Written Commentary
MORNING LIVESTOCK OUTLOOK
The daily beef load movement shows there are steak and Choice beef buyers and there are ground beef and trimmings buyers and why beef imports to the US are higher than a year ago. Memorial Day will shorten this week’s and next week’s slaughter.
Hog weights slowly dropping. Producers selling on the open market want to move hogs as soon as possible but packers can’t take too many lighter hogs due to contract pork orders where pork buyers are expecting pork at weights on contracts. Prices moving up will induce producers to keep hogs and add a couple pounds for a few extra days.
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