Written Commentary
LIVESTOCK AM OUTLOOK
If you used charts to trade on Monday, it was easy to see what happened for Live Cattle, and Lean Hogs. Both Live Cattle and Lean Hogs dropped too much last week especially on Friday. Monday, March 7th, Live Cattle and Lean Hogs had a simple technical recovery.
Purely a technical recovery on Monday for lean hogs. Hog futures moved to resistance and recovery came to a halt. Last week, pork carcass on the 5 day average dropped $3.22 to $107.86
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