Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live cattle futures tumbled Thursday. The Dow Jones was close to 700 points lower helping to drive cattle down. The previous 3 days volume has been light. Thursday it changed. October live cattle volume was 40,037 contracts.
Packers have big margin losses and they are going try to slow losses any way possible.
LEAN HOGS
Lean hogs were higher Thursday on light volume. August is in line with the CME Index but for October into 2025, hogs are at deep discounts and traders were reversing bear spreads. day after day the CME Lean Hog Index and the CME pork cutout have been steadily and consistently moving higher.
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