Cattle in Nebraska feedlot DarcyMaulsby/iStock/Thinkstock.

LIVESTOCK MARKETS: Cattle complex to slowly 'grind higher'

Cash hog prices and pork cutout price continue to fall, while future market focuses on optimism.

The trade was a little surprised by the U.S. Department of Agriculture’s latest “Cattle on Feed” report, which showed lower-than-expected placements. However, David Williams, director of global protein for Informa Economics IEG, said while the report was bullish, it wasn’t overly bullish.

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