Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE COMPLEX
Month after month of low placements with placements during August the lowest since 1951 are showing on the low slaughter now and will continue at least into the first quarter of 2027. It is bullish but cattle prices are fighting cheap beef imports.
The Cold Storage report should add pressure to both beef and pork prices.
LEAN HOG COMPLEX
Lean hog trade volume was light Friday. Trading was to be expected. Lean hogs opened higher with traders using the friendly numbers off the Hogs and Pigs Report but switched to trade lower with the current bearish fundamentals.
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