Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
PORK COMPLEX
The hog market is in a push and pull trade. On the positive side, pork consumption is expected to increase the third and fourth quarters of 2025 into 2026 and take more grocery shelf space from beef. On the negative side, according to the June Hogs and Pigs Report, the hog inventory is expected to increase by 1%. Also pork exports are down -4% so far in 2025 and global competition is expected to be strong the remainder of 2025 into 2026.
CATTLE COMPLEX
With cattle weights going up last week during a week when temperatures were one of the hottest and most humid weeks of the summer, it shows how packers are purposely slowing kill. With slaughter dropping to current levels it shows packers have lost contracted beef orders and are buying just enough cattle off the showlist to push daily beef prices higher.
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