Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
For the past 7 days live cattle futures have been trading in a range. December live cattle, now with the most open interest, has a high side of $236.52 and a low side of 230.07. Support has been the 45 day moving average.
PORK COMPLEX
Lean hogs made new contract highs on Tuesday then ended the day with a lower close. Wednesday prices were lower most of the day and closed lower. For the first time since august 14th December into 2026 lean hogs were below the 10 day moving average.
One big negative is hitting the hog market. It is the slow down in exports. From January through July pork exports were down 4%. Global traders have other countries where they can source pork and are taking advantage of the increase in global supplies.
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