Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Trade volume was active Monday. Volume for August Live Cattle was 41,149 contracts and October Live Cattle volume was 33,142 contracts. Monday was the start of the Goldman Sachs roll. The wide spread between cash and futures still encourages producers to move cattle as soon as a packer will take them
LEAN HOGS
Goldman Sachs roll began Monday and it was pretty much what the trade concentrated upon. August Lean Hog Globex volume was 26,687 contracts and October volume was 17,966. The 5 day pork carcass average early Monday was at 108.22 and afternoon sales it was up 1 cent
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