Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Slaughter for cattle and hogs are just the opposite this year. Cattle slaughter is dropping from the previous week and from a year ago. Hog slaughter is up from last week and up from a year ago. More pork and more Select beef are pressuring Choice beef.
LEAN HOGS
October Lean Hogs were up closing the price difference between Lean Hog futures and higher priced CME Lean Hog Index. Volume is light now on October with open interest as of Thursday morning 23,097 contracts.
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