Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Volume was light Thursday with live cattle futures settling lower. Live cattle during May moved up throughout the month and Wednesday and Thursday the trading was simply profit taking.
LEAN HOGS
Profit taking was the trading of the week. Hogs clearly trended down through May with June lean hogs loosing from the close on April 30th to may 28th $8.67. The light volume indicates profit taking versus outright buying.
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