Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
There is fewer hedger sellers in live cattle especially compared to a year ago. Hedgers and bankers have been afraid to put margin money in futures after the previous couple of years seeing margin calls being requested day after day and not able to fully benefit from the higher prices.
LEAN HOG COMPLEX
Pork production was down -16.7% compared to the previous week and up 10.9% compared to same period a year ago. Year to date production was up 0.7%
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