Market Commentary

2026

2/6/2026 Market Commentary

Live Cattle futures traded sharply higher today as the cash market continued to work higher, but gave up a large portion of the gains late in the day. Feeder Cattle futures also traded sharply higher this morning but finished with minimal gains. Lean Hogs finished the day mixed after trading to near their contract highs. Corn futures posted new highs for the move this morning but lost support from the Soybean market and finished the week lower.

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2/3/2026 Market Commentary

Live Cattle futures pushed to new highs for the move today due to fund buying in anticipation of a higher cash market. Feeder Cattle futures could not post new highs today but finished the day higher as the CME Feeder Cattle index approaches record highs. Lean Hogs posted new contract highs today across most of the complex as the cash markets continue to be supported. Corn futures finished the day higher and are now testing overhead resistance.

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1/30/2026 Market Commentary

Live Cattle futures finished the day mixed with the front month higher and the deferred contracts sharply lower despite a higher cash market this week. Feeder Cattle futures struggled all day and finished sharply lower on what looked like end of the month profit taking. Lean Hogs finished slightly lower after posting new contract highs this week. Corn futures bounced off of their lows today but posted new lows for the week this afternoon.

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1/27/2026 Market Commentary

Live Cattle futures finished the day slightly lower as cash trade has yet to be established and boxed beef has been supported. Feeder Cattle futures recovered nicely today as the cash market remains strong. Lean Hogs posted new contract highs across most contracts today with the cash fundamentals continuing to work higher. Corn futures have failed to find follow-through this week as the market continues to digest the large supplies of U.S. Corn.

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1/23/2026 Market Commentary

Live Cattle futures started the day sharply lower but followed the higher cash market and finished the day with sizable gains. Feeder Cattle futures tested downside support this morning and finished the day with slight gains. Lean Hog futures posted new contract highs yesterday but finished the week mixed. Corn futures finished the week higher after a huge week of exports.

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1/20/2026 Market Commentary

Live Cattle futures finished the day higher after trading mixed all day, fearing a sharply lower equity market. Feeder Cattle futures finished higher after the Screwworm rumors from last week were confirmed untrue. Lean Hog futures continue to push to new contract highs as the cash fundamentals have turned positive. Corn futures traded in a tight range today and could not take out Friday’s high.

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1/16/2026 Market Commentary

Live Cattle futures traded lower to end the week after another week of steady cash trade. Feeder Cattle futures fell victim to Screwworm rumors and traded down to limit lower many times today despite the rumors being untrue. Lean Hogs found support from the higher cash market this week and finished higher each of the last four days. Corn futures finished higher today but will finish the week with sharp losses.

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1/13/2026 Market Commentary

Live Cattle futures continue to follow the Feeder Cattle complex higher as cash fat cattle remain stagnant and boxed beef is lackluster. Feeder Cattle futures continue to be supported by the Feeder Cattle index and now, a sharply lower corn market. Lean Hogs traded mixed today after many contracts posted new contract highs at the end of last week. Corn futures have been under heavy pressure following yesterday’s WASDE Report that showed increased corn production for 2025.

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1/9/2026 Market Commentary

Live Cattle futures finished the week lower as the cash market fails to find a spark. Feeder Cattle futures followed the Feeder Cattle index higher this week but could not hold all of those gains through Friday. Lean Hogs posted new highs for the move this week and many of the deferred contracts posted new contract highs despite the pork cutout moving lower. Corn futures are back to the middle of their range that began in the middle of October as traders wait for the WASDE Report Monday morning.

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2025

11/28/2025 Market Commentary

Live Cattle futures have finished sharply higher each of the past two sessions as cash trade in the South beat expectations. Feeder Cattle futures also finished the week strong on very thin trade with a technically oversold market. Lean Hog futures have bounced off of long term support levels and have traded through overhead resistance levels. Corn futures gained back all of last week’s losses as export demand remains very strong.

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11/25/2025 Market Commentary

Live Cattle futures finished sharply higher in the deferred contracts while the front months struggled to stay positive. Feeder Cattle futures traded higher the majority of the day after yesterday’s limit lower finish. Lean Hog futures continue to struggle to work higher as the cash fundamentals work lower. Corn futures have held technical support levels both days this week as the market searches for news to give it direction.

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11/21/2025 Market Commentary

Live Cattle futures finished the week lower after a week of disappointing cash trade and more negative news from the White House. Feeder Cattle opened the day limit lower but finished the day with minor losses. Lean Hogs posted a new low for the move today as there are plenty of market ready hogs available to the packers. Corn futures broke through support levels this week and finished lower the final three days of the week.

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11/18/2025 Market Commentary

Live Cattle futures finished the day mixed as the complex waits for cash trade to take place this week. Feeder Cattle futures finished mostly lower after trading on both sides of steady the entire day. Lean Hogs finished the day lower and posted new lows for the move today as the cash fundamentals continue to deteriorate. Corn futures have finished higher both days this week after finding technical support to start the week.

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11/14/2025 Market Commentary

Live Cattle futures finished the week on a positive note following a disappointing week of cash trade and lower boxed beef markets. Feeder Cattle futures found support late in the day from the sharply lower Corn market. Lean Hogs could not hold their gains from earlier this week and posted new lows for the move yesterday. Corn futures finished the week sharply lower after taking out overhead resistance on Thursday.

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11/11/2025 Market Commentary

Live Cattle futures finished the day lower after a limit up performance on Monday. Feeder Cattle futures were led by the November contract today as it stays in line with the Feeder Cattle index. Lean Hogs traded sharply higher on Monday taking out technical resistance for the first time in over a month. Corn futures have finished higher both days this week as the grain markets await the WASDE report on Friday.

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11/7/2025 Market Commentary

Live Cattle finished the week on a positive note after a week full of volatility and sharply lower futures. Feeder Cattle also finished the week higher after trading to the lowest levels in five months. Lean Hogs continue their downtrend this week as the cash fundamentals continue to work lower. Corn futures tested overhead resistance in the middle of the week and have returned to the bottom end of the range.

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11/4/2025 Market Commentary

Live Cattle futures finished the day sharply lower after a positive day to start the month of November. Feeder Cattle futures fell victim to headlines surrounding the reopening of the Mexican border and the unknown that exists surrounding the situation. Lean Hogs posted new lows for the move despite the pork cutout holding steady. Corn futures lost the support from the soybean market and finished the day slightly lower.

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10/31/2025 Market Commentary

Live Cattle futures finished the month lower following a lower cash market and a boxed beef market that has leveled out. Feeder Cattle futures turned in another volatile session today as traders fear what could come out of a meeting with Mexico on Monday. Lean Hog futures have finished higher each of the last two days as they have traded down to long term support levels. Corn futures ran into overhead resistance in the middle of the week but ended the week with the highest weekly settlement since June.

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Producers Livestock offers livestock sourcing and marketing, commodities trading and hedging and loans and credit facilities to farmers and processors in the Midwestern US and Central Plains.

Nebraska Location

4809 S 114th St
Omaha, NE 68137

Iowa Location

4280 Sergeant Rd, Ste 240
Sioux City, IA 51106

General Contact

PO Box 45978
Omaha, NE 68145

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8:00 A.M. – 4:00 P.M.