Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Tuesday’s cattle trade was speculative algorithmic trading. It’s time was coming and it came on Tuesday.
Much of what is happening now is typical September trading. Demand from consumers and packers use lower beef prices to knock cattle prices.
PORK COMPLEX
Cash pork prices are slowly and steadily moving higher as lean hog prices futures already above October are moving slowly lower. October is $9.79 below the CME Lean Hog Index. Packers are going to push kill.
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