Cash Cattle Started to Sell on Wed
MORNING LIVESTOCK OUTLOOK
Cash cattle started to sell Wednesday at $153.00 in the Midwest and $150.00 in the Southwest, steady with last week. Sales were light. There are feedlots that are asking $156.00 in the Midwest but with boxed beef moving sideways this week unless it changes Thursday, steady prices likely will be it.
Killing more hogs is helping packers. Hog slaughter is back to levels where hogs slaughtered/hour is more cost efficient. Wednesday, on the early pork sales the carcass was up $1.82. Sales were light with just 167.03 loads of pork cuts sold and 14.78 loads of trimmings. Pork loins moved up $4.32 but for the 5 day average loins were up just 9 cents. Not surprised to see loins higher. Loins are cheap at $88.94 cents.
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