Weekly Livestock Update with Scott Brown, January 10th 2019

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Some highlights from this week’s Weekly Livestock Market Update: •This week in the markets – Cash cattle are $1 lower this week. Cash feeder cattle are steady to $4 higher compared to pre-holiday levels. February live cattle futures closed $3 higher this week, March feeder cattle futures closed $2.25 higher for the week. Choice Box Beef price was nearly $2 lower this week with weakness across the board. While the price is lower this week, it is still $4 higher relative to a year ago. Cash hogs ended the week nearly $2 higher and February lean hogs closed $.80 higher for the week. Pork cutout value gained $.80 this week on strength primarily in the bellies. However, that’s still $8.50 lower than last year’s levels. •Government Shutdown – We’re starting to see more of an impact as it relates to public data that is used. Brown says with the government shutdown, the market will turn to private data. Because producers don’t have equal access to that information they are at a disadvantage. He says the lack of export data right now is another challenge for the industry. •Cattle on Feed and Cattle Inventory – It’s looking more and more like those reports won’t be released this month. •Retail prices – The beef retail price index for December was down .6 percent relative to a year ago. Pork retail price fell 1.4 percent. •Next week’s reports – Consumer Confidence

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