CattleLink Market View

Live cattle: Last week, the live cattle complex traded mixed, as the futures complex traded alongside its 100-day moving average. But traders were still unwilling to advance the contracts above that resistance point. The fed cash cattle market traded mixed, as well, as Southern live cattle traded at mostly $229, which is $2 higher than the previous week’s weighted average, but Northern dressed cattle traded at $356, which was $1 lower than the previous week’s weighted average.

Feeder cattle: The feeder cattle complex also traded mostly sideways throughout last week’s trade but continues to trade above the market’s 100-day moving average, as traders know that supplies are going to remain thin well through 2026. 

Lean hogs: The lean hog complex traded mixed throughout last week’s trade but took a lower turn when the market saw that the quarterly USDA Hogs and Pigs report unveiled more market hogs than originally anticipated.

Corn: March corn last week finished 6 1/4 cents higher, but on Monday gave all of that back plus some, ending down 7 3/4 cents to settle at $4.42 1/4, once again rejected at $4.50.

Soybean Meal: March meal futures finished $6.30 higher last week but on Monday fell $4.10 to settle at $303.30.