Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Thursday was another light volume trade day. June was higher as it moves closer to cash and from August on out spread trading was the most active trading.
LEAN HOG COMPLEX
Slaughter for the year has picked up and with the expected 1% increase on the Hogs and Pigs report, numbers will increase above year ago levels by July. Unless consumption increases, packer margins will remain in the red.
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