Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Live Cattle futures were higher on light volume trading Thursday. December live cattle were up $1.97 to $192.77 traders bringing futures closer to cash markets. Beef prices increased with rib primals up $ 33.35 . Volume for February live cattle was 20,376 contracts.
PORK COMPLEX
Hog traders thought Thursday was another holiday. Trade volume was very light. February lean hog Globex volume was just 10,532 and April volume was 5,751 contracts. Active trading will begin after the holidays near Monday, January 6, 2025. Equity funds are deciding on percent of various commodities in the baskets and funds re-allocating capital at the end of the year to the new year.
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