Written Commentary
MORNING LIVESTOCK OUTLOOK
Lean Hog trading was very light Monday and will be light through the week. Loins and Hams must see some strength to get the pork market from falling further. This week before the Hogs and Pigs Report look for light trading. Spreads are wide and before the report spreads should narrow on profit taking.
This week look for light movement on beef sales. There may be some daily movement to fill in a few orders but unless something happens that is not known, beef sales will be slow. Futures trading will also be slow this week with traders waiting for the Cattle on Feed Report on Friday, December 23rd.
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