Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Live cattle trade volume was moderate. Although the official roll doesn’t begin until Wednesday, there were traders on Monday moving August to October and December.
With beef prices falling, packers are going to take advantage of it this week. There is over a month before august first notice day giving speculators a lot of time to play in the market.
LEAN HOG COMPLEX
Pork prices have been inching up. Last week’s exports were very good which is a big reason for the better prices.
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