Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Trade volume was moderately active Friday. Monday and Tuesday were very active, Wednesday and Thursday volume was light to moderate. Tables on boxed beef prices show why consumers are looking for cheaper beef. It will be a different trade this holiday season compared to a year ago.
LEAN HOGS
December Lean Hogs are discount to current cash and they are also bear spread to February and April. As equity funds roll out of out of December longs. There could be pressure of December and widening of bear spreads as traders buy February and April.
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