Written Commentary
Livestock AM Outlook
Live Cattle and Feeders rallied with stock indexes higher but also demand. Cattle in the South and Southwest are current. The North and Midwest still have too many overfed cattle in the mix.
Hogs were up Monday mostly as the tail of the dog on the, stock indexes, Live Cattle and Feeder Cattle rally. Volume was light, hog volume was half that of cattle volume.
Pork cutout up as hams erase part of Friday’s losses. Loins are stagnant even though retailers will show loin specials over the next month. Mexican Peso strong. Strength in Peso is positive to hams, and bellies.
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