Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Live cattle were higher Monday with a mildly friendly cattle inventory report or that cash cattle last week were $4.00 to $5.00 higher, most likely the latter. Volume was moderate.
When only 58 total loads of beef were moved on Monday, it’s no surprises beef was higher.
Feeder cattle futures were higher Monday, but essentially they just reversed the drop in prices from Friday. Volume was moderate.
LEAN HOG COMPLEX
February 2026 lean hog futures are $1.97 over the CME Lean Hog Index.
The spread between February and April widened as did the April/June widen.
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