Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live Cattle trade volume was moderate. The 20 day moving average held lows on October and December Live Cattle and volume was light on February on out as trade did very little to affect trends.
FEEDER CATTLE
Trade volume was light in Feeder Cattle on Wed. Lows held above the 20 day moving average but at the same time the light trading didn’t make any new highs.
LEAN HOGS
Lean hogs were down Wednesday but technically there was no negative damage to charts. Since the high was made on October Lean Hogs on July 20th, hogs have had some volatility during the daily trading, but closing prices have been in a fairly tight closing range.
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