Written Commentary
MORNING LIVESTOCK OUTLOOK
June Live Cattle are discount to last week’s cash market, but packers this week will likely pull up contract cattle in the Southwest and in the Midwest and continue paying premiums for the very top grading cattle.
Monday was a picture perfect example when corn drops, feeder cattle trade up.
Hogs continue lower Monday. May 2022 lean hogs are barely traded. Spreaders continue to sell the premium on summer months as well as buying live cattle and selling hogs. June and August cattle are discount to cash cattle and June through August hogs are premium to cash hogs.
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