Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
June 9th is first notice day for June 2025 Live Cattle.
Spec traders took the market over as they did last Tuesday. Volume was light as futures moved up during the early trade with June live cattle moving to within .25 cents of the contract high made on may 14th and moving closer to cash prices. But similar to a week ago on May 27th , they reversed and sold, moving down to the 10 day moving average with the settlement on the 5 day average.
PORK COMPLEX
Lean Hogs are gaining on Live Cattle. It is anticipated that consumers will add more pork to the grocery basket.
July is bear spread to august. Monday the spread widened.
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