Live Cattle futures climb on tight supply as Lean Hogs hit new lows. 10/26/26

Livestock markets diverge as the cattle complex finds strength while pork struggles with supply pressures. Live Cattle futures jump following a bullish USDA report, with the December contract climbing $1.78 to $232.90 amid tight supplies and a lack of herd expansion. Feeder Cattle futures rally in tandem after placements surprise to the downside at 88% of last year's levels, pushing January up $3.42 to $248.77. Conversely, Lean Hog futures slide to a new contract low, dropping $1.35 to $64.85 as cold storage inventories rise 9% from last September.

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