Written Commentary
Morning Livestock Outlook
Technically, October is beginning to re-gain the spread on December and, it is usually positive for Live Cattle. On Wednesday September 16, October cattle dropped to minus $5.62 under December. Monday the close was $3.90.
Lean Hog trading was light on Monday. Hams up 14.35 and bellies up 6.98 pushed pork cutout higher early Monday. Loins were down 4.83. Large pork buyers that contracted when hams when lower are squeezing hand to mouth ham and belly buyers.
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