Written Commentary
Livestock AM Outlook
Beef prices down Monday on fairly good movement especially Choice beef. Primal ribs and primal loins are the main reason for the lower beef prices. Lower boxed beef markets in September are normal.
Feeders should begin to work higher into the fall and 2021. Midwest feedlots are current and need Cattle to refill pens.
China is not going to let the problems of African Swine Fever and the two month shutdown because of COVID 19 disrupt pork, beef, lamb, fish or poultry happen again. COFCO Meats has been given much more importance and financing.
Will China buy US pork? Yes, but when the price is right and on their terms. The US pork industry has to make sure Mexico and Japan remain strong buyers and when China buys, it’s a plus.
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