Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
LEAN HOG COMPLEX
Lean hogs were lower with cash pork prices dropping for the second day.
Pork exports were down at a marketing year low, but exports at 23,700 mt are still good, just lower than the very good exports pork has had in 2026. Mexico backed off last week after being strong buyers over the past two weeks. They likely have Easter supplies purchased.
CATTLE COMPLEX
Wednesday live cattle reacted to stock indexes down and crude prices up, reversing the trade on Tuesday. When live cattle closed on Wednesday the Dow Jones was down near 380 points and crude oil was close to 400 points higher.
With live cattle up Tuesday, feeder cattle on light volume followed it higher. March feeders are below the CME Feeder Index.
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