Written Commentary
MORNING LIVESTOCK OUTLOOK
Cattle trade volume backed down Thursday compared to Tuesday and Wednesday. For August, the low was the 5 and 10 day moving averages and high stopped at the 200 day average. For October into 2023 futures broke through moving averages.
Pork net sales were 31,900mt another good solid week. Last week net sales were at 36,700mt. Mexico took 13,000mt and this week China who has been absent or a light buyer took 9,000mt likely because Shanghai has opened and catching up.
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