Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Trade volume was light Wednesday. Open interest for live cattle and feeder cattle show longs are liquidating. The most notable part of the trading were spec traders selling nears and buying out and selling live cattle and buying lean hogs.
PORK COMPLEX
Lean hogs made contract highs again on Wednesday. At the same time spec traders are actively spreading. Hog weights remain the same as a week ago and 1 pound over a year ago. Year to date pork production is down 6.5
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