Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Trade volume for live cattle and lean hogs is light now. It is likely to stay light until Monday, January 6, 2025 or after. Big traders aren’t going to announce when they are going to start to trade. Watch the volume and open interest.
PORK COMPLEX
Nothing in the Hog and Pigs report required any immediate changes. According to the CME Index, prices packers are in the black. Pork prices are up and the cutout is up with hams and bellies.
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