Written Commentary
MORNING LIVESTOCK OUTLOOK
The strength in the U.S. Dollar can’t be good for exports. The last time the US Dollar was as strong was close to 20 years ago. On the other hand, a strong dollar should help US cattle producers in the northern US either buying Canadian fed cattle for slaughter or buying feeder cattle.
The pork market is like a yoyo. One day its strong and the next day weakness and all on relatively light movement. But light movement when slaughter is at current levels, the fluctuations should be expected. Futures on Wednesday saw traders bull spreading.
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