Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Chucks and rounds moving higher as consumers shift to lower priced beef. Weights running on dressed cattle 9 pounds above a year ago. Plentiful grains should keep weights above a year ago for 1st quarter of 2025.
PORK COMPLEX
Lean Hogs tumbled Monday as traders started to take into account 2025 will see an increase in hogs in the US and globally along with decreasing demand from China.
For 2025 traders will be watching exports. They were an important support to prices in 2024.
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