Written Commentary
MORNING LIVESTOCK OUTLOOK
There is very little to say about Tuesday’s trading in Live Cattle, Feeder Cattle and Lean Hog futures except markets were dead. Livestock traders did a bit, and I mean a bit of unwinding inter and intra market spreads, but that was about it. Trade volume is low and this week it will likely stay low before the Cattle on Feed Report Friday afternoon.
Pork prices have fallen since the last week of February, but over the past week, the 5-day carcass average has steady out.
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