Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Similar to Tuesday, on Wednesday the trade volume was very light as traders wait for Friday’s Cattle on Feed report. There was some light bear spreading which was likely profit taking after spreads had reversed on December 1st .
chart provided by eSignal Interactive
LEAN HOG COMPLEX
Lean hog trade volume was moderately active Tuesday and Wednesday. Futures prices are dropping as is open interest as longs liquidate.
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