Hogs Higher on Moderate Movement
LIVESTOCK AM OUTLOOK
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Compared to last week, steers and heifers sold uneven; 3.00 lower to 1.00 higher as most of the higher trend would be associated in the North Central region. Extreme heat across the Plains was the case until Thursday making it difficult to dangerous for cattle transport. A few auctions cancelled in the Southern Plains and others had much smaller volume that typical, even for the slower summer marketing time.
Hog futures were higher Monday on moderate movement. There is a gap on October at from 89.70 to 89.97. There is also a gap from Friday, August 13th at 86.87 to Monday’s low at 87.25. 5 day average last week was down $2.01 and Monday the 5 day pork carcass average was down another 98 cents.
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