Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Live Cattle trade volume was moderate Tuesday as futures turned higher. A gap was finally filled at $185.27 on the December live cattle contract that was left from the low on November 7th and traders were able to move the trade up to the November 1st high and resistance at $186.60.
PORK COMPLEX
Lean Hog trade volume was light Tuesday as futures closed the day lower and traders were bear spreading. Pork prices have been steadily dropping. Packers are not increasing kill and hogs are gaining weight.
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