Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Futures trade volume was light to moderate Monday. Traders continue to bull spread. With the Cattle on Feed report June 20th and the break in trading on June 19th, expect trade volume to be light.
PORK COMPLEX
Cash pork and cash hogs continue to gain even as slaughter increases. The cheaper prices compared to beef are moving it higher. The question has to be how much higher can pork go? The June WASDE report expects for 2025 increased trade competition will reduce exports and the same for 2026.
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