Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live Cattle futures continue to ignore a friendly Cattle on Feed Report. June Live cattle trading was moderately active Wednesday with GLOBEX volume at 28,194. The last time June was as low was December 7, 2022. COF report friendly for Feeder Cattle. Feeder numbers are down.
LEAN HOGS
Lean Hog futures were lower Wednesday as traders were selling April futures because pork prices have been falling. Traders were also selling June, July and August with their premiums to April and then buying October through 2024 hogs bear spreading.
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