Trade Volume in Cattle Futures Light
Trade volume in Live Cattle futures has become almost too light. With two weeks before 2021, the overweight problem may go into 2021. It of course depends on if feedlots are going to throw in the towel and dump the overweight cattle or will they hold for a couple of more weeks hoping cattle will rally.
Pork carcass dropped 2.89 Tuesday with hams down 14.81. Hams need to be watched. Mexico has been taking US hams and supporting pork prices. Hams are close to $13 lower than 5 day average.
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