Written Commentary
MORNING LIVESTOCK OUTLOOK
Extremely low volume trading Thursday. August 2022 Live Cattle, the most actively traded month, had just 12,115 Globex contracts traded. Futures are below cash with traders looking for more cattle during the summer and there is the constant news consumers will buy less beef with concerns about high beef and gas prices.
The 5 day average pork carcass price has been steadily moving higher. Movement has been light. When kill is at current levels, there is
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