Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE COMPLEX
Live cattle trade volume was light Thursday. Cash cattle sold from 217.00-222.00 averaging 220.00. Packers are docking heavy cattle and heavy cattle are showing up. Dressed prices were 345.00 to 350.00. Prices were softer this week.
The negatives for beef are the increasing consumer prices for groceries in 2026, and the high fuel prices limiting consumers buying. There are 60% to 65% of consumers living from paycheck to paycheck and 20% of consumers need to use savings to buy groceries or buy on credit cards with interest rates averaging 19.2% .
LEAN HOG COMPLEX
Lean hogs made new contract lows Thursday. Strong exports no longer mean anything to traders.
A good indicator for pork would be to see loins and hams move up. They are cheap and should at least encourage export purchases. The problem chicken is cheap and consumers in the US take chicken over pork.
Interested in more futures markets? Explore our Market Dashboards here
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
