Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Trade volume was light Wednesday. Live cattle were lower but remain above the 5 day average. Essentially live cattle on Wednesday took off the gains of Tuesday. This week there will be more cattle ready for the showlist after the previous 2 weeks light buy because of the break in kill because of Thanksgiving.
PORK COMPLEX
Demand for US pork is falling even with prices for pork highly competitive with beef and poultry. Pork prices in 2024 have been helped with strong exports, but if exports drop and they likely will in 2025 and beef prices move lower around the globe, along with a strong US Dollar, pork and hogs will continue their slide down.
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