Written Commentary
MORNING LIVESTOCK OUTLOOK
Cash cattle trade is $2.00 to $5.00 higher this week. Although the spread remains wide between the Southwest and Midwest, it did narrow this week with Southwest cattle $4.00 to $5.00 higher in some cases with packers discounting cattle not grading Choice.
The CME Lean Hog Index narrowed to the CME Pork Index again on Thursday. As it narrows, packers make less money. The small packers are having problems finding labor and hogs
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