Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE COMPLEX
October 2026 live cattle settled on September 30, 2026 at $218.67
Since Trump’s announcement on August 24th that the US would increase beef imports for 90 days, imports haven’t changed.
Reports show ICE agents aren’t directly targeting packing plants but they are keeping workers away from feedyards, dairies, packers, grain suppliers and truckers are staying home along with children not going to school.
LEAN HOG COMPLEX
October 2026 lean hogs settled on September 30, 2026 $78.72
Trading is moving from a non-spot into a spot month where it will converge with cash in about two weeks. Pork prices should move up as retailers should show pork as they usually do in October during National Pork Month.
There is the possibility even though light, that China buys pork and better yet, if Mexico increases buying.
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