Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live Cattle futures trade volume as expected ahead of the Thanksgiving break was light Wed.
It is doubtful the Cold Storage Report will affect the markets. With cattle and hogs bear spread, traders are looking ahead and not back a month ago. Funds have already left 2023 Live Cattle and Lean Hogs.
LEAN HOGS
Trade volume in lean hogs was light on Wednesday. With most schools closed Wed and Fri traders like others workers are busy traveling and not trading.
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