MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Trade volume on Wednesday was half the volume of what is was Monday or Tuesday with Live Cattle closing slightly higher. Traders are wanting to see how the COF report affects futures. Bear spreads have been narrowing for December, February and April.
LEAN HOGS
Trade volume was light again Wednesday. Traders know packers are not beating down the bushes for hogs. The CME Pork Index continues to narrow to the CME Lean Hog Index taking away from packer margins.
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