Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
February 2026 live cattle on January 12, 2026 closed 3.22 over the 5 day average negotiated cash steer price.
Cattle feedlots got a bonus on Monday from the WASDE report as the USDA added 1.3 million acres of corn to the harvest.
LEAN HOG COMPLEX
February 2026 lean hogs settled on Jan12, 2025 $84.42. February 2026 lean hog futures are $3.57 over the CME Lean Hog Index.
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