Written Commentary
MORNING LIVESTOCK OUTLOOK
Cattle weights are dropping and except to see further declines. A drop in weights is one factor that is usually supportive but will drop in cattle weights be enough to have affect with consumers buying less beef?
The CME Lean Hog Index to the CME Pork Index is minus $3.69. Hogs gaining on pork means packers are making less per hog. Trade volume in hog futures was extremely slow on Tuesday.
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