Choppy Consolidation For Livestock
MORNING LIVESTOCK OUTLOOK
Packers are paying more for cattle but with cattle numbers that are not increasing and with big profits for packers there is not the incentive to fight over the small dwindling numbers of cattle on the showlist.
Last week, before Lean Hog futures for October 2021 through 2022 Lean Hogs crashed, trade volume had become extremely light. Spreads had been trading sideways since the beginning of July after reversing in June.
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