Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Live cattle and feeder cattle tumbled early Monday after President Trump announced moving global tariffs to 15% up5% from what he said on Saturday. The President feels he can place a 15% tariff for up to 150 days under the trade act of 1974 section 122 allowing the President correct trade disparities.
Feeder cattle were down Monday trading with live cattle futures.
LEAN HOG COMPLEX
Trade volume was light to moderate Monday and slightly higher. Cash pork and cash hogs have been slowly moving up but at the same time the difference between hogs and pork prices has been narrowing shaving some profits off packer margins.
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