Written Commentary
MORNING LIVESTOCK OUTLOOK
Stock Indexes down hard for the week, rib and loin beef primals dragging down boxed beef, beef exports were low with a strong US Dollar, and the Federal Reserve in order to curb inflation raised interest rates this week. All are weighing on Live Cattle futures.
Lean hogs ended lower this week as traders continue to correct the premium in Summer hogs. Spreaders are active in intra and intra market spreading.
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