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Net Sale Exports of Pork Very Good


Cattle slaughter  at 676,000 head for the week increased by 37,000 head over last week.  Feedlots want to move cattle especially feedlots that weren’t aggressive securing feed needs.  Weights are down and grading percent is down.  Packers are docking lighter weight cattle and will continue to dock them.

Net sale exports of pork were very good at 41,200 metric tons. Mexico was the largest buyer as usual and this week China finally surfaced after weeks of being absent with 13,000 mt. Not only has the Chinese hog herd expanded, but China has also been building more storage.  China has a goal by 2025 to be self-sufficient in pork with increasing stocks also from poultry, fish from aquaculture and sheep meat.

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