Written Commentary
MORNING LIVESTOCK OUTLOOK
Live Cattle trade volume was active Thursday in a very tight trading range. The trade range was between 55 and 60 cents. December 2022 Live Cattle closed up 32 cents at $151.67. Thursday’s close for December was the second highest close for the December 2022 contract.
If you stopped trading on September 20th and came back to day, you might think you didn’t miss much. Hogs have done a reversal off the steep drop into October 4th. On September 20th December hogs closed at $88.17. Dropped to a low of 72.97 on October 4th, and on September 19th settled at $87.37.
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