Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Cattle futures were higher on the opening Monday likely because of the news imports from Mexico were being stopped and not because of the Cattle on Feed report. By the close live cattle closed slightly lower as traders digested the news from Mexico and the Cattle on Feed report.
PORK COMPLEX
Lean Hog open interest is high and trade volume has been light to moderate. Cash hogs and pork prices have been moving lower while lean hog futures have been moving up. December, February and April are bear spread.
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