Written Commentary
Livestock AM Outlook
December cattle trade volume was a little over 15,000 contracts and December Lean Hog volume was around 13,500 contracts. October Feeder Cattle were under 2,400 contracts and November had around 2,500 contacts in light trading.
Pork movement started out light on Wednesday morning with a total of just 161 loads and by the afternoon remained light moving 291 loads. On morning sales hams were up $10.32 after Tuesday’s close down $16.45 and by Wednesday afternoon settled up $2.93. Hams are like a yoyo. But they have been the leader to the upside. Hams at this time need to be monitored for direction of cutout unless loins take on leadership.
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