Written Commentary
Livestock AM Outlook
Cash cattle sold for $110 with a few head up to $110.00 with a few feedlots in the Southwest willing sell if they get $110.00. If they don’t get it this week, they will next week. Southwest cattle have the advantage over Midwest cattle because they have the lower weights packers need.
Cutout down Thursday with futures up as December futures moved up to move closer to current CME Hog Index at 71.37 compared to December futures settling at 65.80. Loins up 4.14 and cancelled out with hams down 6.28. For the week the cutout is down 98 cents.
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