Livestock Report

Ben DiCostanzoGeneral Commentary

Walsh Trading Daily Insights


December Lean Hogs saw some pressure after the opening trade took price to the high at 86.825. Price broke down hard after the open, drifted and took another turn down at the end of the day to the low at 84.425. It settled at 84.925. The pressure came as traders see a continuing weakening cash market as cutouts and cash prices soften. Settlement was below support at 85.325 and continued pressure could see price test support at 83.325. Support then comes in at 81.70. If settlement holds, we could see price test resistance at the declining 50-DMA now at 86.025. Resistance then comes in at 87.10.

The Pork Cutout Index ticked higher and is at 99.49 as of 10/28/2022.

The Lean Hog Index decreased and is at 93.77 as of 10/27/2022.

Estimated Slaughter for Monday is 491,000 which is above last week’s 483,000 and last year’s 474,000.

For those interested I hold a weekly grain (with Sean Lusk) and livestock webinar on Thursdays (except holiday weeks) and our next webinar will be on Thursday, November 03, 2022 at 3:00 pm. It is free for anyone who wants to sign up and the link for sign up is below. If you cannot attend live a recording will be sent to your email upon completion of the webinar.

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**Call me for a free consultation for a marketing plan regarding your livestock needs.**

Ben DiCostanzo

Senior Market Strategist

Walsh Trading, Inc.

Direct: 312.957.4163


Fax: 312.256.0109

Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.​
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