Cattle On Feed In Line With Estimates
MORNING LIVESTOCK OUTLOOK
Pre-report estimates were right in line with the actual report. All said and done, The Cattle On Feed is a friendly report. Inventories are shrinking. Also, there were less cattle on feed Higher marketings is a positive sign.
For the week there was little change on the pork carcass price. Futures have moved up to where they were in September. Mexico is the reason for the strong exports and it is not good to depend on just one country. Kill is increasing and will slowly increase into end of the year into 2023.
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