Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
PORK COMPLEX
Pork prices were up on early sales Monday because loins were higher. By afternoon, sales loins were still higher but were up $4.33. Total load movement has lightened up. Packers are filling contracted pork orders and are limiting pork sold on the daily market to support pork prices.
Lean hog trading was moderately active Monday as speculators are beginning to move December into 2025. Lean hogs dropped just to the 5-day moving average.
CATTLE COMPLEX
Cash cattle prices last week were steady to weaker over the week but the tone of the market into November is lower. Beef prices are down for the week and packers dropped slaughter by 8,000 head at the same time weights are increasing.
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