Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
A new case of new world screwworm in Sabinas Hidalgo, Nuevo Leon, less than 70 miles from the US-Mexico border, has been found.
Live cattle trading was active Monday especially December. For one, since the roll is over, many large specs have rolled into December and more importantly, light placements and fewer cattle on feed show supplies into the end of the year are going to remain light.
PORK COMPLEX
Hog trade volume was light Monday. With the COF report showing low placements, traders believe cheap pork is going to compete with high priced beef and increase demand. The hogs and pigs report is on September 25th expect light trading Tuesday through Thursday.
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