Cattle Futures Pop and Lean Hogs Drop

Cattle futures continued to run higher while lean hogs continued to come under pressure.  That has been the trend in recent weeks, is that set to continue?

Grain and Cattle Markets Firm to Start the Week.

Grain markets were weaker on Friday but have rebounded to start the first full trading week of the year. Can the strength last?

Lean Hogs (February)
February lean hogs continued to leak lower yesterday, making and closing at new lows for the move. 4-star support was tested and held, that remains intact from 78.90-79.20. A failure here and we could see continued pressure down to 76.52-76.55. The RSI is down to 31.72, still just above what is considered to be “oversold”. We’ve seen that indicator as low as 17 and change on a few different occasions last year.

Resistance: 82.05-82.27**, 83.97-84.30***, 86.50-87.00****
Pivot: 80.75-81.20
Support: 78.90-79.20****, 76.52-76.55***

Seasonal Tendency Update
(updated 1.7.25)

Below is a look at historical price averages for February futures on a 5, 10, 15, 20, and 30 year time frames (Past performance is not necessarily indicative of future results).

Commitment of Traders Report
(Updated on 1.7.25)

Monday’s Commitment of Traders report showed Funds were net sellers of 13,044 contracts between December 24th and December 31st shrinking their net long position to 108,941.

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