Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Thursday’s trade volume in LC increased on the down side. April and June cattle are bull spread but cattle from August in to 2025 remain bear spread. Cash cattle trading was a bit more active Thursday with most of the buying taking place in the Midwest. Compared to Wednesday, packers added another $1.00 to top cattle paying up to $184.00 and one group of Live Delivered cattle up to $185 on 117 head. Cattle in Kansas and the other Southwestern states had light movement with prices mostly $183.00.
LEAN HOGS
New contract highs were made for August and October Lean Hogs on Thursday. Slaughter is increasing and with packers working in the black . They aren’t hesitant to pay higher for hogs especially with pork prices better than hogs. Pork prices remain cheap and on the global market pork demand is strong.
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