CattleLink Market View

Live cattle: Last week, the live cattle complex traded mostly lower, continuing to be pressured by fear and worry over the market’s technical state. But on Monday, the live cattle contracts closed limit higher as President Donald Trump made an announcement late last week that foreign-owned meat packing companies need to be investigated.

Feeder cattle: The feeder cattle complex followed in the same direction as the live cattle market last week, but closed limit higher on Monday, as Trump’s comments rekindled a bullish sentiment throughout the marketplace.

Lean hogs: The lean hog complex struggled last week, as consumer demand remains limited. But on Monday, contacts were able to close roughly $3 higher.

Corn: December corn futures fell 4 1/4 cents last week before finishing up 2 1/2 Monday to settle at $4.29 3/4.

Soybean Meal: December soybean meal futures slipped $4.50 last week before bouncing $2.90 to start the new week and close at $320.