Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Today is one of the easiest commentaries to write. President trump put tariffs on a pause for 90 days for all countries except China. For China tariffs will be increased up to 125% . Live cattle changed from moving into bear spreads to bull spreads on Wednesday.
It is hard to say what it will do for beef exports. For 2025, Japan is down 6%, south ko-rea up 1%, Mexico down 7%, China down 5% and Canada up 21%.
PORK COMPLEX
So far in 2025 China has been the second largest buyer of US Pork and up 5% from a year ago. Total year to date sales for all countries compared to the same period in 2024 is down 3%.
Pork prices have been dropping over the past couple days on heavy sales. The 5 day carcass prices average was down 59 cents on Wednesday.
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