Two quarters of big pigs/litter numbers challenge hopes for 2024 hogs.

A letup in the stock market selling pressure may have allowed higher pricing for cattle futures. Fed cattle, which did not break too much over the two prior days, did push to a new contract high on the October. We will note the rebound in deferreds did not hit a new high. Feeders posted a $2 rebound after this $12 price break. Cash cattle has traded steady in the South and lower in the North this week.

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