Market Activity & Analysis

The snowstorms in Northern Kansas, Nebraska, Iowa and Southern South Dakota have three of the major packing plants closed for the day. This will lower the weekly slaughter, but it is anticipated some of the lost production will be made up on Saturday. Slaughter this week is estimated at 554,653 from last week’s 567,000 by the Urner Barry’s poll of industry participants. Besides the storm slowing production, packers also curbed it to stabilize…