Cattle Trading Slow This Week
MORNING LIVESTOCK OUTLOOK
Futures trading will be slow this week with traders waiting for the Cattle on Feed Report on Friday, December 23rd. Also, this week and next week there will be fewer traders. Funds are balancing baskets and re-allocating ahead of 2023. Unless something major takes place, look for light volume and likely two side trading.
Daily pork sales have been light with daily sales including trimmings barely averaging a little over 300 loads for an entire day’s sales, but if daily sales pick up it means less pork is being contracted and that means sales need to happen on the daily market.
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