Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
June live cattle against June lean hogs on Wednesday made new all-time wide spreads with June live cattle 153.77 over June lean hogs.
As of Friday, there were no announcements coming from President Trump and President Lula of Brazil concerning increasing beef imports from Brazil. There was talk between trade representatives about the justice department looking into price manipulation likely about the largest US packer, JBS, and increasing beef imports. Increasing beef imports would anger US cattle producers. However, there are politicians in Washington DC that view imports as positive that would help lower beef prices. Year to date beef imports is up 14%.
LEAN HOG COMPLEX
June 2026 lean hog futures are $7.60 over the CME Lean Hog Index.
Packers increased slaughter Friday. Compared to a week ago it was up 4,000 head.
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