Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
After the cash move higher last week, packers will be slow to buy cattle this week. The question ahead, will high temperatures this summer lower demand?
LEAN HOGS
The CME Lean Hog Index is $7.97 under the CME Pork Index. Packers are working with negative margins. Exports down 34% on the 4 week average likely disappointing to traders.
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