Written Commentary
MORNING LIVESTOCK OUTLOOK
Weather started to clear up Friday and pork began to move. Friday had the biggest one day movement for the week and with bigger movement pork prices leveled off or were lower. Hogs that were delayed last week will be sent this week which could take pressure off the packers.
With the grade on cattle up at 85.4%, the number of Select Cattle has been going down. This is the opposite of what happened through the summer and early fall of 2022 when the severe heat in the Southwest change cattle from Choice to having too many Select. Now, consumers are looking for cheaper beef.
Feeder cattle ended the week with good gains.
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