** Please note, The Jacobsen will not publish a bulletin on Tuesday, July 4th in observance of the July Fourth holiday. **
Light trade was reported for Monday with several extending the weekend due to the Fourth of July holiday tomorrow.
For the week ending July 8th, cattle slaughter is forecasted at 585,000 head, down 0.5 percent from 2022 and 9.3 percent from last week due to time off for the holiday weekend. Over the next six weeks, cattle slaughter is expected to average 630,000 head per week, a 2.7-percent and 0.9-percent drop from 2022 and 2021, respectively, as head counts remain under prior levels. With the start of July, slaughter levels are forecasted lower than the prior two years with 645 thousand max head a week.
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