Written Commentary
MORNING LIVESTOCK FUTURES OUTLOOK
CATTLE COMPLEX
February 2025 live cattle settled on February 27, 2025 at $199.40. 5 day accumulated weighted avg steer price on February 27, 2025 was $199.56. Cash cattle prices down. Midwest cattle on light sales $198.00 with dressed at 313.00-315.00. No sales in the southwest Thursday.
PORK COMPLEX
Traders were active spreaders Thursday selling nearby contracts and buying months out. When they unwind spreads, it is the out months that will be sold. Trade volume was heavy. April Lean Hogs came close to settling limit down but settled at 84.37, 7.2 cents from limit. The margins for Friday remain at $4.00. Pork prices were higher Thursday because bellies were up 26.64. Loins were down 13 cents and hams were up .9 cents.
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