Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live Cattle trade volume was light on Monday. News of Avian Flu in pasteurized milk is being used as a reason for the lower futures prices. So far, there has been no spread into beef cattle or meat from dairy cows going slaughter. With well over a month before June Live Cattle first notice day, with speculative spreading it is possible traders will continue pushing Live Cattle lower during the first half of May.
LEAN HOGS
Trade volume was moderately active Monday as Lean hogs closed down unchanged to slightly lower on summer hogs and slightly higher on fall and into 2025. Traders were bull spreading summer hogs and buying hogs and selling cattle.
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