Written Commentary
MORNING LIVESTOCK OUTLOOK
With grading percent and weights dropping packers are getting enough cattle grading low Choice and high Select but they are not getting the heavier high Choice and Prime cattle. The cash spreads should continue to remain wide. With high feed prices, spread could continue for some time.
Traders are not trading the pork market. They are trading anticipated higher prices for hogs in June and for summer hogs and mostly they are large spec spreaders in the hog market.
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