Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
August live cattle gapped higher on the open reacting to the bullish COF and biannual inventory report. The high Monday on August live cattle came within .27 cents of the high made on June 2025 live cattle on June 12, 2025 at $229.12.
Trade volume was light especially for a day after two friendly reports. Traders on Monday were also extending bear spreads.
Feeder cattle moved to new contract highs Monday as well they should. Placements down 8% is bullish. After the strong gap higher opening, prices fell of highs.
PORK COMPLEX
Hog weights show packers are current. Packers killed 14,000 fewer hogs than the previous week and weights dropped a pound. Until there is a confirmed increase in hog slaughter and with the current high beef prices, pork and hog prices should continue to increase .
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