Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Middle meats were lower last week which is negative and it is likely due to increasing beef imports and the increase of choice graded cattle. For the week ending 11/29/2025 fresh beef passed for inspection into the US was up 9% year to date. There is too much choice going to the grinders. Grinders need lean beef to blend.
Sending cattle from the Midwest to the southwest packers means more choice beef and Midwest cattle slaughter nearly 88% choice is too much choice beef.
LEAN HOG COMPLEX
Packers had a big slaughter over the week. Hogs were killed over the week that were missed from the short slaughter over the thanksgiving shortened week and with positive packer margins packers increased kill.
Weights have slowly increased, which benefits the packer getting more pork per hog killed.
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