Written Commentary
MORNING LIVESTOCK OUTLOOK
Traders are waiting for cattle exports this week to see if they remain poor as last week. Feedlots asking higher this week as showlist is light. High temps on western US is negatively affecting beef sales. Packers slow with coming out with price this week.
Very light trading on Tuesday for hogs. Even though most large funds have already rolled out of August, it was easy to see a few large traders moving from August into October and December and algo spec traders adding to spreads.
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