Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live Cattle volume was moderately active. Spec traders don’t want to hold new longs because they don’t know if news about Avian flu will come out after the close.
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LEAN HOGS
Volume was light to moderate Thursday. June is moving lower to the cash with months following June lower. May 2024 Lean Hogs, a contract normally used by a few hedgers is trading nearly at the level as the CME Lean Hog Index. Exports were disappointing particularly because Mexico bought so little.
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