Dec Lean Hogs Start Higher
MORNING LIVESTOCK OUTLOOK
After tumbling close to $13.00 the last 10 days of September, Dec hogs were up $1.50 on Monday and starting out the month higher. Is it a turn-around for lean hogs? Not likely. Lean hogs were becoming oversold and with a stronger morning cutout, mostly due to bellies up $23.95.
Weaker U.S. Dollar and gain Monday and Tuesday morning could be positive for cattle. Less talk this week about recession. Beef export net sales were good last week at 21,500MT which is what it needs to average per week. No big buyer.
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