Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
February 2025 live cattle settled on February 11, 2025 at $199.67 5 day accumulated weighted avg steer price on February 10, 2025 was $207.19.
With increasing imports of beef to the US, US packers are also filling needs with cheaper beef from packers and beef purveyors from Australia and Brazil.
PORK COMPLEX
New contract highs as lean hogs were higher Tuesday on light volume. The cash hog market and pork prices have been steadily moving higher and futures have been moving up with cash. Hog weights remain the same as a week ago and 1 pound over a year ago. Year to date pork production is down 6.5%. Exports are strong and beef prices are high.
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