Light Volume in Feb Cattle
LIVESTOCK AM OUTLOOK
Live Cattle futures are being spread. For 75% of Wednesday’s trade, February cattle and hog volume were almost identical. Volume is light.
Kills for both cattle and hogs are slipping lower. From North Dakota to Texas these states have some of the biggest outbreaks of COVID 19.
Hams are below 5 day moving average and broke $80. Loins and hams are nearing the same price. Both are bargain basement cheap.
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