Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Live Cattle futures on Wednesday gained back the losses of Monday and Tuesday. Volume was active. Wednesday was the last day of the S&P GSCI roll ( Goldman Sachs roll.) For the majority of the day it was obvious with June trading below august with same trading volume on both that the roll was taking place .
LEAN HOG COMPLEX
June 2026 lean hog futures are $10.39 over the CME Lean Hog Index.
The CME Pork Cutout Index has steadily been moving down on lackluster demand. The best support is the trimmings market. As of last week, the 72% trimmings combo movement was up 9.2%. While ham movement was down 5.4%, loins up 3.3% and bellies down 13.9%.
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