Written Commentary
LIVESTOCK AM OUTLOOK
Weights remain too heavy and packers don’t want heavy cattle. Heavy cattle are keeping a lid on futures prices.
Brazil in 2020 exported to China compared to the U.S. close to 90 percent more beef and close to 40 percent more total beef in 2020.
Pork cutout improved from a week ago with the 5 day average up $5.81. Loins were higher gaining $1.72, hams gained $7.49, bellies up $27.09 , ribs up $4.18, and buts were down $1.87 and picnics lost $5.81. Hams and bellies higher could be Mexico back buying after the Christmas break.
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