Written Commentary
LIVESTOCK MORNING OUTLOOK
Feedlots producing grain and feeding cattle are hesitant to replace feeder cattle but feedlots that have yearly and multiple year contracts don’t have a choice.
On moderately movement Wednesday the pork cutout was up 2.78. The pendulum trading in the cash daily hams and bellies were reason cutout was higher. Hams were up 18.96 and bellies gained $3.62. But loins are unbalancing cutout loins were 69.86 down $2.29 with, butts, picnics and ribs down hard.
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