Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Cattle have been indicating stronger markets as traders have been bull spreading and buying cattle and selling hogs.
Exports showed buyers weren’t concerned about tariffs. Exports at 13,400 mt were down 21% from the 4 week average.
PORK COMPLEX
For the week hog prices gained on the CME Hog Index 79 cents. The CME Pork Index was up 39 cents.
Canada suspends imports from biggest US pork processing plant.
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