Mostly Fund Trading in Cattle
MORNING LIVESTOCK OUTLOOK
The turkey associations are warning that smaller turkeys will be hard to find. Apparently, there will be more group get togethers at Thanksgiving than a year ago, but the trend is still for less people getting together in one location compared to years before COVID.
Cattle futures trading on Wednesday was mostly funds rolling out of long December cattle.
Lean hogs gapped lower on the open, dropped to support and when no new sellers showed up, they moved back to overhead resistance.
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