Livestock Trade Volume Active
LIVESTOCK AM OUTLOOK
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Futures trade volume on Wednesday was active on Live Cattle. When Live Cattle prices for December 2021 into 2022 are at premiums to cash, futures normally are sold. There has been quite a bit of commentary about beef prices dropping and the negativity to cattle prices but it has to be taken into consideration from where the beef prices fell off highs.
Spreading was obvious on Lean Hog futures Wednesday, but the October/December spread continues to remain bull spread. It could be traders rolling out of long October to December or it as trade moves to October, the spread actually narrowing. Trade volume was fairly active Wednesday.
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