Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
Extremely light futures trade volume on Monday. Funds are on the sidelines and probably won’t be back until Monday January 5th
The boxed beef market was higher on Monday’s morning sales but afternoon sales prices dropped led by a sharp down turn on rib primals. Rib primals in a week have dropped close to $150. The narrowing of the choice and select boxed beef is bearish beef.
LEAN HOG COMPLEX
The CME Lean Hog Index is minus $13.49 of the CME Pork Index 12/29/2025.
February 2026 lean hogs settled on December 29, 2025 $84.47. February 2026 lean hog futures are $0.63 over the CME Lean Hog Index.
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