Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
PORK COMPLEX
Specs have moved lean hog futures higher while cash pork and cash hogs move lower. Besides the tariffs in 2025, a strong US Dollar will help the decline in pork exports. On November 26th the Mexican peso fell to a new contract low to the US Dollar. You can hear Brazil knocking on Mexico’s door.
CATTLE COMPLEX
Cash cattle prices were $3.00 to some areas $5.00 higher. People have been complaining about high beef prices since the covid pandemic in 2021. But from Thanksgiving to New Years Eve the demand for beef pushes prices for prime and choice rib primals and prime and choice loin primals to new highs.
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