Weather Ideal For Feeding Cattle
MORNING LIVESTOCK OUTLOOK
With weights not showing cattle being backed up, there is the likely possibility that this time of the cycle cattle numbers are down. The past two COF reports showed the lightest placements were heavier feeders and biggest placements should come late spring. Also, from September through December and now feeding conditions have pushed cattle ahead. Weather has been almost ideal for feeding cattle. Feed conversions the last quarter of 2021 were some of the best in years.
The spread between the CME Pork Index and the Pork cutout has been narrowing. As it narrows, packer profits go down. Live and carcass weights are steady with a week ago and nearly the same as they were a year ago.
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