Written Commentary
MORNING LIVESTOCK OUTLOOK
Index Funds for the most part have moved out of December 2022 Live Cattle. However, there is still plenty of time for December Live Cattle and futures in 2023 to be moved around with speculative trading with first notice day December 5, 2022. How Live Cattle and Lean Hogs trade in a non-spot month when speculators dominate trading can be the opposite way when they are in a spot month.
As corn prices dropped on Thursday, feeder cattle futures moved higher on low volume trading.
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