Written Commentary
MORNING LIVESTOCK OUTLOOK
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On moderate volume Thursday and disappointing exports cattle traded to the down side of the range they have traded since the end of the July. However, the premiums for cattle from October into 2022 futures remained. Friday look for choppy trade ahead of the Cattle on Feed Report.
October the most active hog contract broke technical support on Thursday. Filled gap and below all moving averages except the 200 day down at 81.95. Cash hogs and pork carcass all lower this week. Exports were poor Thursday. Need to be at least over 25,000 metric tonnes.
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