The week began with trading report sideways with Friday’s pre-holiday levels. JBS plants are shut down across the US while they deal with the latest cybersecurity attack to affect critical US supply. Reopening of operations is unknown at this time. Offer lists go out tonight, which will bring a better feel of the marketplace tomorrow. Beef processing margins for the week were a positive $819.53 per head, versus $777.21 per head the week before according to HedgersEdge.com.
The Jacobsen slaughter forecast for this week is 580,000 head, and if realized, will be 47,700 head less than the same week last year when it was 627,700.
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