DTN Livestock Open: Futures Remain Supported

Cattle feeding. Photo: ©Debra L Ferguson

It is a new week and feedlots may be a bit nervous over the potential of packers to reduce bids based on the outcome of last week. We can be assured neither side will tip their hand early until there is a better indication of demand. Hogs remain in an uptrend and it will take a significant event to trigger liquidation of long positions.

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