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U.S. cattle and hog commodity market trends

Updated 8 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-14 19:57 UTC → 2026-10-21 14:17 UTC · added removed

By mid-October, late October 2026, cattle futures reached three-month highs following a USDA update regarding the 2026 corn harvest. Despite adverse summer weather, the USDA expects the second-largest crop on record, causing corn futures to hit daily trading limits and lowering expected input costs for producers. Recent market activity on the Chicago Mercantile Exchange shows cattle futures reaching (CME) reached multi-month highs highs, driven by tight supplies and rising wholesale beef demand, though they have faced technical selling pressure. Feeder prices. December live cattle also hit three-month highs before encountering resistance at their 200-day moving average. rose to 230.175 cents per pound, its highest level since mid-July. Industry experts suggest supply constraints will persist due to the time required to rebuild herds, while USDA reports show wholesale Choice boxed beef prices increasing to $374.14 per hundredweight. Earlier in the season, the market experienced significant volatility. In contrast, mid-September, lean hog futures have faced downward pressure, dropping for several consecutive sessions hit life-of-contract lows due to weak pork demand high US hog supplies and low declining wholesale pork prices, with carcass cutout values. Don Roose, president of US Commodities, noted cutouts reaching their lowest level since February 2024. During that “global production is up while demand remains flat or poor.” period, cattle futures also retreated from one-month highs as traders awaited the USDA Cattle on Feed report, which was expected to show approximately 11.268 million cattle in feedlots, a 1.7% year-over-year increase. In late August and early September, cattle and hog futures had shown upward movement, supported by oversold signals and lower corn prices. However, cash markets remained mixed; for instance, steers and heifers in Kansas sold at steady to slightly lower prices, and boxed beef prices showed divergent trends between Choice and Select cuts. International trends indicate continue to show tightening livestock supplies in the United Kingdom. The Agriculture and Horticulture Development Board (AHDB) forecasts UK beef production will decline to 896,000 tonnes by 2027, while sheep meat production is expected to drop by 2.4% due to lower slaughter numbers and breeding flock contraction. The UK pork Kingdom, with the AHDB forecasting declines in beef, sheep, pork, and dairy sectors also face declining production through 2027, driven by rising costs and farm profitability challenges. Meanwhile, in 2027. In Canada, corn and soybean futures saw declines, and Ontario pork prices in Ontario have previously reported a decrease decreases in dressed weight value.

Versions

  1. 2026-10-21 14:17 UTC U.S. cattle and hog commodity market trends
  2. 2026-10-14 19:57 UTC U.S. cattle and hog commodity market trends
  3. 2026-10-12 21:45 UTC U.S. cattle and hog commodity market trends
  4. 2026-10-05 08:14 UTC U.S. cattle and hog commodity market trends
  5. 2026-09-30 21:24 UTC U.S. cattle and hog commodity market trends
  6. 2026-09-28 08:52 UTC U.S. cattle and hog commodity market trends
  7. 2026-09-16 08:20 UTC U.S. cattle and hog commodity market trends
  8. 2026-09-08 21:03 UTC U.S. cattle and hog commodity market trends
  9. 2026-08-31 22:26 UTC U.S. cattle and hog commodity market trends

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