Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Live cattle trade volume on was light. Traders are waiting to see what cash bids do this week at the same time seeing slaughter for the week likely will be down with lower beef prices.
Heavy snow in the upper Midwest has made it hard to move cattle and move beef from the packer to wholesalers or stores.
LEAN HOG COMPLEX
There is little change in cash hogs. Packers are still in the black but difference has narrrowed. Exports were weaker last week, but still remain good.
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