date:Jan 04, 2013
rther short-term losses.
It will be very interesting to see how livestock futures react to overnight news of a Congressional deal to avoid going over the fiscal cliff. It seems bullish, but a sustained cattle and hog rebound is in no way guaranteed. February live cattle futures fell 1.27 cents to 132.30 Monday, while April dipped 0.85 cents to 136.37 cents/pound.
As expected, CME lean hog futures reacted badly to the quarterly USDA Hogs Pigs report, since most of the stated numbers modestly e