Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Tuesday’s futures trading was light with the majority spreading, buying cattle and selling hogs. It was easy to see with volume close to the same with each corresponding month.
PORK COMPLEX
With hog prices gaining on pork prices it is negative for packers. With hog weights slowly increasing and the number of hogs slowly going up, these are not what packers want, but they have contracts for pork they need to fulfill.
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