February live cattle futures hit a four-week high, while January feeder cattle futures saw a modest pullback. Cash cattle trade averaged $221.21 per hundredweight, up $9.68 from the prior week. Beef demand remains strong, with cattle carcass weights reaching a record 960 pounds. Analysts predict tight cattle supplies through 2026.

Farm Bureau economist Bernt Nelson suggests cattle prices may delay herd expansion due to high input costs. Lean hog futures prices closed at a four-week high. The Philippines banned pork imports from Spain and Taiwan due to African swine fever. Cash hog prices stabilized, supporting futures. Holiday demand for hams boosts hog prices.

CME lean hog index is down 2 cents to $81.81, but projected cash index price is up 3 cents at $81.84. The national direct 5-day average cash hog price is $70.42. Holiday ham demand stabilizes cash hog and futures prices. U.S. trade deals raise hopes for better global demand for U.S. pork, especially with Spain dealing with African Swine Fever.

Lean hog futures prices closed at a four-week high. Cash hog prices show stabilization, supporting futures. Holiday ham demand boosts hog prices. U.S. trade deals raise hopes for better global demand for pork. China’s increased pork imports are positive for hog and pork futures markets.

Read more at Yahoo Finance: Cattle and Hog Prices Have Bottomed Out. Now Get Ready for Upside.