Peak Beef Supply Concerns Surface

The week's kill may have come in a little larger than the trade was expecting. The talk this morning was for a 45,000 head Saturday run. Packers will surpass that, according to the USDA, with a 58,000 head run. That puts the week's total to 641,000. This is the biggest kill of all of 2017, 2016, 2015, and 2014. You have to go back to July 20 of 2013 to find something larger. It would also be 10.7% over last year in the same week. This now makes it three weeks in a row of 8% to 11% higher than last year's numbers. Before this, the recent pace had been only 5.5% over.