Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Trade volume in live cattle was light Wednesday. Traders were liquidating spreads and outright shorts. Since January 28th April live cattle dropped $13.22
PORK COMPLEX
Tuesday and Wednesday the daily pork carcass dropped $6.95. It is time to watch the difference between the CME Lean Hog Index and the CME pork cutout. As pork prices moved up, packers were willing to add money on hogs.
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