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Bullishness For Cattle Futures?



With the past two weeks having higher cash and futures prices, there was a bullishness that has re-entered the feelings of many traders. It is the Hope phase.  The big question is how long will Hope for higher prices last?  Live Cattle are bear spread.


Pork was down Wednesday on fairly large movement. The big problem, loins and hams. Loins on the 5 day average are $81.69 and on the daily market Wednesday  dropped to $80.06.  Hams on the 5 day average are cheap, cheap, cheap at $78.62 and on the daily market were $78.80.  These products make up 53% to 54% of the hog and are considered the top products.  Kill has been strong this week and the drop in pork is related to how many hogs are killed.  The pork market can’t absorb increasing hog numbers.

Exports will need to be strong in 2024, above 2023.

>>Read full report here


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