Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Trade volume in Live Cattle was light to moderate Friday. Once again spreading was the majority of trading.
Gas prices continue to move higher that are and will cut into the beef consumers will buy.
LEAN HOG COMPLEX
Trade volume was light Friday for Lean Hogs as it was throughout the week. Besides April lean hogs moving to converge with cash, from June on out lean hogs are narrowing bull spreads and are likely moving into bear spreads which would go along with the March Hogs and Pigs report.
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