Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE COMPLEX
Liquidation drove cattle futures lower Wednesday. It was bound to happen with dominate trading bear spreading.
LEAN HOG COMPLEX
When October went off the board, December lean hogs closed the day at $66.07. Although there is still a lot of time before December lean hogs go off the board and con-verge with cash, what has been happening to the CME Hog Index to the December lean hogs has been widening. Speculators are the dominate traders.
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