Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Live Cattle volume was light Monday Cattle gapped higher on the open, made new contract highs and settled back throughout the day. Bull spreading was evident during the day.
PORK COMPLEX
Lean Hogs closed on new contract highs Monday and with July and August at premium prices to cash are vulnerable for a downturn. The bear spread between July and August is widening as traders are rolling out of July into August and a few months beyond.
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