Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LIVE CATTLE COMPLEX
Cattle were lower Monday with traders bear spreading. Volume was moderate with December, February and April the most active months. Traders are expecting lower prices in 2027.
The demand for leaner beef remains strong as select beef narrows the difference between choice and select. Without beef imports prices would be higher for chucks, rounds, plates and flanks.
LEAN HOG COMPLEX
Trading on Monday was fairly active. Spreading dominated lean hogs. Monday traders were rolling out of December and into February and April as well as buying 2027 lean hogs and selling 2027 live cattle.
There is beginning to show some slight improvement on pork. Most notable is the increase in the trimmings movement. Consumers want the cheapest product.
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