Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
August Live Cattle settled Thursday at $179.85. The 5 day average negotiated steer price is $184.92. There have been no deliveries for August Live Cattle. Steer and heifer weights are moving up. Over the past two weeks the average carcass weights are up 9.2 pounds.
LEAN HOGS
Pork prices were higher Thursday on light movement. This week it has been noticeable that hog movement is lighter due to extreme heat. Weights continue to be low, but as temperatures move back to normal, movement is likely to increase and hogs start to add a few more pounds.
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