Closing Livestock Comments
Heading into Friday's market, the cattle complex will need to see more cash cattle trade develop and will expect to see the unveiling of the monthly report.
[An argument can be made that when the Trump administration pressured the Coca-Cola company to use cane sugar instead of high-fructose corn syrup]
Closing Livestock Comments
The livestock complex fared well throughout the day because traders felt secure, allowing the contracts to chop sideways through the day’s end. A few more sales were noted in the North, but still no Southern cattle have traded. Do remember that on Friday the monthly Cattle on Feed report will be shared. December corn is up 7 3/4 cents per bushel and December soybean meal is down $3.00. The Dow Jones Industrial Average is down 152.81 points and the NASDAQ is down 72.55 points.
Thursday’s export report shared that Beef net sales of 10,100 mt for 2025 were up noticeably from the previous week, but down 11% from the prior 4-week average. The three largest buyers were Japan (2,500 mt), Hong Kong (2,400 mt) and South Korea (1,600 mt). Pork net sales of 19,200 mt for 2025 were down 9% from the previous week and 29% from the prior 4-week average. The three largest buyers were Mexico (5,300 mt), South Korea (4,000 mt) and Japan (2,600 mt).