Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Choice boxed beef prices were lower Wednesday with mid meats, chucks and rounds, pulling on the market. The narrow spread between choice and select is unusual at this time. Consumers want cheap beef and wholesalers and stores still need a few more rib and loins.
When seasonal demand is over, look for lower beef prices in 2026 with mid meats gaining on ribs and loins and continuing narrowing of choice and select beef.
LEAN HOG COMPLEX
Lean hog trade volume was light Wednesday. Likely a profit taking pop.
By the first week of December traders are going to be waiting for the 4th quarter Hogs and Pigs report.
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