Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LEAN HOG COMPLEX
August 2026 lean hogs are $5.67 over the CME Lean Hog Index and are $5.15 over July leans hogs.
The higher move on lean hog futures has much to do with the price improvement with hams and bellies. The cutout is lopsided.
The daily pork carcass is above $100.00 and prices have over the year run into resistance around $100.00.
CATTLE COMPLEX
Trade volume Thursday was moderately active. Open interest continues to go down.
Gas has come down but it is still high. Air conditioners will increase home energy costs. Many consumers are stretching for every penny at the grocery store. Many products at the store have gone up in price especially exported products with many frozen and canned items imported.
Interested in more futures markets? Explore our Market Dashboards here
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
