Moderate Active Trading in Cattle
MORNING LIVESTOCK OUTLOOK
Besides movement on the October Live Cattle contract that went off the board Monday, Live Cattle trading had moderate active trading but less than a dollar range. October Live Cattle settled at $146.77 with a high of $150.65 and a low of $146.77. Boxed beef was strong throughout October.
Monday, the pork cutout was lower because bellies dropped 23.62. However, loins and hams were higher. Loins and hams are cheap. It isn’t too late for retailers to push loin and hams during the holidays. These products will need to be monitored.
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