Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Mexico is selling more beef to the US. The NWS has dropped the number of cattle fed in the US from Mexico so the Mexican cattle are now fed in Mexico and Mexican beef is being sold to the US. Imports from Mexico are up 26% in 2026. As of last week, total beef imports from the 8 major cattle countries selling to the US was up 11%
The cash feeder market is bouncing due to the lack of feeders moving. When a good group of feeders or calves are available, buyers will pay up, but with most sales this time of the year there are few feeders or calves and buyers don’t attend.
LEAN HOG COMPLEX
Cash hogs and pork prices are slowly creeping higher. The reason pork is higher is due to hams and bellies. With just 2 products moving pork higher caution is needed.
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