Written Commentary
Livestock AM Outlook
Cash cattle prices were from $110.00 to a few at $112.00 this week and Choice boxed beef gained $11.66 . Packers killed 653,000 head this week and cattle are averaging 18 pounds above a year ago. These are not negative fundamentals. Keep in mind, it is November and when there is not a spot market, algorithms move markets.
Lean hogs were down following the trend when hogs topped on October 19th. Traders are looking at growing global numbers and prospects US exports will drop. Trade volume was moderate.
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