Live Cattle futures spreads: Bullish
- The October-December closed at (-$1.125)
- as compared to the end of July settlement at (-$0.775)
- and the previous 5-year high weekly close for the last week of August at $1.05
- with the previous 5-year average weekly close for last week at (-$3.95)
- The December-February closed at (-$1.475)
- as compared to the end of July settlement at (-$.375)
- and the previous 5-year high weekly close for last week at (-$1.275) from 2024
- Indicating more cattle to be priced against the December futures contract
- Hinting at larger placements during August
- The February-April closed at (-$0.20)
- as compared to the end of July settlement at $0.325
- The bottom line is the commercial outlook on supply and demand remains bullish though futures spreads did weaken during August
Feeder Cattle futures spreads: Neutral-to-Bullish
- The September-October closed at $0.30
- as compared to the end of July settlement at $1.375
- The October-November closed at $0.875
- as compared to the end of July settlement at $2.225
- The bottom line is that despite spreads weakening during July, the commercial outlook remains bullish.
- The Cash Index is at an all-time high
Lean Hogs futures spreads: Neutral-to-Bullish
- The October-December closed at $7.625
- as compared to the end of July settlement at $7.85
- and the previous 5-year average weekly close for the last week of August at $7.70
- The December-February closed at (-$2.225)
- as compared to the end of July settlement at (-$2.225)
- and the previous 5-year high weekly close for the last week of August at (-$1.275)
- with the previous 5-year average weekly close for the last week of August at (-$3.525)
- The February-April closed at (-$2.825)
- as compared to the end of July settlement at (-$3.275)
- and the previous 5-year high weekly close for the last week of August at (-$2.10)
