Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE COMPLEX
Live cattle futures trade volume was moderately active Wednesday. Boxed beef prices are showing demand and should remain in demand through mid-December. For 2027 other factors could pressure prices such as high gas prices, home utility bills, a time when people go out to eat less and what the equity markets will do.
LEAN HOG COMPLEX
It is easy to see the reason why packers keep revising down slaughter with pork prices day after day moving lower. They don’t want to build up stocks and pay storage costs .the august and September cold storage reports showed large storage compared to 2025 and it is likely the Cold Storage report on Friday will show another large storage especially loins and hams.
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