Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LEAN HOGS
Hog slaughter is close to normal levels. There are still a couple of days when temperatures will be near or below zero and snow will continue to make driving hard in the upper Midwest. But next week will see normal temperatures. Pork prices Thursday morning during trading were higher with hams the biggest gainer. Hams still remain super cheap averaging $76.99.
LIVE CATTLE
Trade volume is light. Beef moved higher because of a weather market. It is that simple. Next week packers will have their full workforce back, feedlots will move cattle and beef will leave the packer.
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