Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE
Live Cattle futures gained Friday as traders narrowed the spread between cash cattle and futures. June Live Cattle went off the board at $181.50 with the average 5 day negotiated price at $181.84. August Live Cattle settled at $177.17 up $2.67 for the day.
LEAN HOGS
Hogs pretty much traded the report. July is going to trade with the direction of pork and August is lower to July but premium to October will continue being the middle leg of spreaders.
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