Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
The Dow Jones dropping Wednesday added pressure to a speculative end of the year liquidating market. Concern of how consumers perceive high beef prices in 2025 is also a negativity. There was another big drop again in rib primals Wednesday that pushed boxed beef prices lower.
PORK COMPLEX
Spec traders are going to move lean hog futures over the next month and half . Recently, pork prices due mostly to hams and bellies have moved higher but trading for cash hogs and pork prices with no December contract have large speculators trading February and April hogs along with hedgers using summer months as hedging opportunities. The February/April months are bear spread and are widening.
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