Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Trade volume was active Friday as live cattle futures fell. Boxed beef was down for the second week with choice beef down compared to a week ago $8.41. The previous week choice beef lost $5.90. The CME Beef Index was down $5.53 for the week on top of the previous week when it was $3.90 lower. Select Beef for the week dropped $5.84 and the previous week it was down $10.09.
PORK COMPLEX
For the week, hog slaughter was down 48,00 compared to a week ago and compared to the same period a year ago up 26,622. The CME Lean Hog Index gained $2.68 and the CME Pork Index was up 25 cents.
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