Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live Cattle trading was moderately active Monday with June Live Cattle Globex volume 31,945 contracts. Spreaders remain active. The June/ August is bull spread and August/ October is bear spread. With June over a month away when traders will roll, they have plenty of time to “play” with spreads.
LEAN HOGS
Lean Hog trading was light on Monday. April moved to a new contract low and came off of it to closed lower on the day. Spread traders were selling spring and summer months and buying October into February.
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