Written Commentary
LIVESTOCK AM OUTLOOK
Volume on livestock futures is quiet and so are the grains. What’s happened to all the agricultural traders? Live Cattle and Lean Hog futures could shut down 4 out of 5 days and do what they need to do in one day. Of course, a lot has to do in livestock that most cattle and hogs are previously contracted, or outright owned by the packer and the need for buy or sell hedging is limited. Hopefully, traders will come back in August.
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