Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
June is a slow time for cash Feeder movement. Traders will be watching the Cattle on Feed report for any change in placements.
Live cattle trade volume was light. June live cattle closed on a new contract high. August live cattle on out were slightly lower as traders were liquidating and taking profits before Thursday’s cattle on feed report on live cattle/lean hog spreads.
LEAN HOG COMPLEX
Packers are increasing slaughter for the week. They are likely filling more previously contract pork orders that must be filled.
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