Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Cattle slaughter was down for week ending October 11th and year to date compared to the same period in 2023.
Live Cattle spreads have been moving sideways since august, up and down in a channel and bear spread, but barely.
PORK COMPLEX
Spec traders moved lean hogs Thursday giving the market a swing day up and down. Volume remains light.
The cash daily pork market on the morning sales was higher with loins bouncing off Wednesday’s low price and hams were higher. Bellies were up.
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