Downturn in Beef
LIVESTOCK AM OUTLOOK
The downturn in beef will affect current cash cattle, and if remain and continue to move down they eventually will affect February/April. At this time 2021 depends on speculators/spreaders point of view and if there is a decent short hedge position at some time.
There are plenty of hogs in the US and globally. Going forward it is important to watch hog slaughter numbers and weights to see if hogs are being backed up due to COVID 19. Two US poultry plants had shipments stopped. After their New Years buying of pork, look for stricter inspections on US ships and plane deliveries.
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