Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
June 2025 through April 2026 live cattle closed on new contract highs Wednesday.
Buyers came back bringing the price between cash and futures more realism with 3 days to first notice on Thursday. The June live cattle to the average steer price narrowed but still is wide.
PORK COMPLEX
Lean Hog volume was active Wednesday as funds began rolling July to August. Speculative traders continue bear spreading July/August.
August Lean Hogs into 2026 Lean Hogs made new contract high closes Wednesday.
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