Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Cash cattle started selling Thursday. Cattle in the Midwest were steady to $1.00 with top prices up to $187.00 and dressed steers 292 to 293.00, mostly 292.00. Kansas and Southwest cattle were steady on light movement at $183.00.
FEEDER CATTLE
Compared to last week, Feeder Steers and Heifers sold steady to 4.00 Higher. Supply was moderate and demand was moderate to good.
LEAN HOGS
Hog prices fell on profit taking and concerns hog numbers in the US and globally will increase into the next year. Pork prices have been steady this week with the 5 day average carcass price at $99.67. Volume has been light this week and the move up Wednesday was purely a speculative move and Thursday with weak cash hogs and pork going sideways, traders took their money and ran.
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