Written Commentary
MORNING LIVESTOCK OUTLOOK
The boxed beef market for current needs is negative, but traders are looking at cattle prices improving. Live Cattle futures were higher as traders bull spread cattle and they also bought cattle and sold hogs.
Futures trading was light Monday and Lean Hogs mixed. Traders were buying cattle and selling hogs on the spreads. The CME Lean Hog Index is trading $2.64 below February Lean Hogs
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