Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Trade volume Tuesday was light to moderate. There was an attempt to move Live Cattle futures higher but traders gave up with cattle reversing some of the bull spreading that occurred last week. As of last week, year to date slaughter is down 246,329 head.
LEAN HOGS
Last week hog slaughter compared to last week was down 63,000 head. Compared to the same week in 2023 slaughter was up 69,498 head. Year to date slaughter is up 51,063 head. Packers are making money with pork prices moving up more than hog prices.
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