Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Traders were waiting for a time to move markets and after 2 quiet days, they came in Wednesday to push live cattle and feeder cattle to support and then through support. December live cattle and February live cattle support was $215.00. At the same time, spread traders were active widening bear spreads December through April.
LEAN HOG COMPLEX
Lean hog futures were higher Wednesday on quick profit taking after Tuesday’s drop with futures trying to move closer to the higher cash prices.
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