Written Commentary
MORNING LIVESTOCK OUTLOOK
Livestock producers should anticipate, even though it might not happen, to have China or some country reject loads of US meat after finding COVID 19. For several months Argentina and Brazil have had loads of beef, pork, poultry and fish reject. Norway had fish rejected. This week COVID was found on frozen meat from New Zealand and South America and was rejected. As COVID 19 increases over the next few months in the northern hemisphere, anticipate it is highly possible to happen.
There was a lot of up and down over the past week on Lean Hog futures and the pork cutout but by the end of the week there was not much change. December hogs were 78 cents lower than last Friday, Nov 13th close. Feb hogs were up 78 cents, April up 20 cents and June was up 10 cents.
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