Cattle placements down 10% for May | Weekly Livestock Market Update
In this episode, Meghan Grebner and Kenny Burdine discuss the current state of the livestock market, focusing on cattle and hogs. They analyze market trends, the impact of labor on slaughter rates, and the implications of the ongoing ban on live cattle imports from Mexico. The conversation also delves into beef cow slaughter dynamics and the future outlook for cattle on feed, emphasizing the importance of herd health and market conditions.
Takeaways:
» Cattle slaughter is projected down about a percent this week.
» Labor uncertainties are impacting market volatility.
» The hog market has shown significant demand strength recently.
» The import ban from Mexico is affecting cattle supply.
» Beef cow slaughter has decreased significantly this year.
» Producers are making cautious culling decisions due to high calf prices.
» The cattle market is experiencing a correction after a strong run.
» Seasonality in hog slaughter is showing stronger trends than in previous years.
» The cattle on feed report is closely watched for market expectations.
» Future expansion in the cattle industry may be slow and cautious.
Chapters:
00:00 Market Overview and Trends
06:01 Labor Impact on Slaughter and Processing
12:27 Cattle on Feed and Import Ban Effects
18:49 Beef Cow Slaughter Dynamics and Future Outlook
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