Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Last week live cattle started to gain on lean hogs.
Cash cattle were higher last week on light buy. Cash in the Midwest was $1.00 higher with some cattle bringing $2.00 higher. Dressed cattle averaged $290 to $291.00 with several up to $294.00. Southwest cattle on light sales were steady at $181.00.
PORK COMPLEX
There is about a month before October and the Lean Hog Index is $6.90 over the October contract. For the week cash 5 day average was down $2.17 . From December on out hogs are bear spread.
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