Written Commentary
LIVESTOCK AM OUTLOOK
With premiums built into Live Cattle futures, it is going to be tough to rally Live Cattle from October 2021 on out unless speculators start buying, packers know there is a gap of available cattle in the feedlots or there is a new beef order that has to be filled with showlist cattle.
It is good to see pork prices gaining on hogs because it is taking packers from negative margins to positive margins. If a packer needs hogs, they aren’t hesitant to pay more when they are making money.
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