Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live Cattle trade volume was moderate Thursday. Spec traders were bear spreading Live Cattle and also buying cattle and selling hogs. Choice boxed beef continues to move down.
LEAN HOGS
August Lean Hogs settled Thursday at $101.00 and the current CME Lean Hog Index is $105.90. Exports for the year remain strong but for week ending July 27th they were down especially seeing Mexico such a light buyer and Japan taking such a small amount. Exports have been very supportive for U.S. pork.
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