Livestock Morning Outlook
Trading the past week was slow with light volume. Most of the trading for cattle, feeder cattle and lean hogs were spreads both intra and intermarket spreading. Cash cattle markets are in some areas $1.00 better than last week. Federal slaughter is down from a week ago.
However, cattle weights are more than they were a year ago, by 30 to 40 pounds and the extra weight adds a lot more beef to the market. With most Select beef and majority of Choice going to trimmings, ground beef, and further processing, a heavier animal is better than a lighter one. Breaking apart a larger carcass takes the same time as a carcass weighing 30 to 40 pounds less. Lean hog trading volume was light.
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