MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Live cattle trade volume on Monday was light to moderate. Traders continue to spread, reversing bear spreads, buying December and selling months ahead
President Trump announced over the weekend beef will be imported from Argentina. Argentina ranks 6th in global beef exports. However, close to half of Argentina’s beef is already exported to China. China accounted for nearly half of Argentina’s total beef exports in 2024, receiving 49.1%. Argentina and China also increased exports in August 2025. 75% of Argentina’s frozen beef exports go to China.
PORK COMPLEX
Lean hog trade volume was light Monday. With cash pork and cash hogs continuing to slide lower, and December lean hogs $14.05 under the CME Lean Hog Index, buyers are not willing to enter the market.
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