Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
February 2026 live cattle on January 08, 2026 closed 3.55 over the 5 day average negotiated cash steer price.
The majority of trading Thursday was spreading, buying hogs and selling cattle, as well as selling April cattle and buying forward months and buying April hogs and selling forward.
LEAN HOG COMPLEX
Pork export sales for week ending January 1st were 27,700 mt Mexico took 12,800 mt, Japan 8,700 mt , South Korea 2,300 mt and China 1,300 mt.
Exports for the period ending December 31 of 25,800 mt brought accumulated exports to 1,548,800 mt, down 8 percent from the prior year’s total of 1,677,600 mt.
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