Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live Cattle closed the week out lower. August live cattle settled the week down $1.45 and October the most actively traded month was down $2.85. Cash cattle were $2.00 to $3.00 lower with packers discounting the percentage of choice to select in loads most cattle in the Midwest sold from $190.00 to $191.00. The biggest price drop were dressed prices from $296.00 to $301.00.
LEAN HOGS
August hogs went off the board on august 14th at $90.10 and October was $14.17 under it. October is now the lead month and speculators will dominated trading. Hog slaughter compared to the same period a year ago is up 1,011,680 hogs. Going forward there will be more hogs.
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