Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
June 2026 live cattle settled on May 21, 2026 at $249.15
June live cattle futures are $15.27 under the weighted average steer price.
LEAN HOG COMPLEX
Trade volume was moderate Thursday. June lean hogs were lower as futures move nearer to cash and spread traders were unwinding long cattle/short lean hogs and bear spreading especially from August lean hogs on out.
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