DTN Midday Livestock Comments          08/05 11:42

   Light Cash Cattle Sales Begin to Develop

   Some light trade has been noted in the North at $370 and bids are currently 
on the table in the South at $230 to $235.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex is trading mixed Wednesday's noon hour as the cattle 
contracts are gladly trading higher thanks to continued trader support and the 
recent developments in the fed cash cattle market. However, the lean hog market 
isn't seeing the same level of support. Some light trade has been noted in the 
North at $370 and bids are currently on the table in the South at $230 to $235. 
December corn is down 4 3/4 cents per bushel and December soybean meal is down 
$2.30. The Dow Jones Industrial Average is up 454.45 points and NASDAQ is down 
92.29 points.

LIVE CATTLE:

   The live cattle complex is trading higher into Wednesday's noon hour, and 
thankfully that has sparked some exciting developments in the fed cash cattle 
market too. August live cattle are up $2.60 at $234.60, October live cattle are 
up $2.10 at $230.00 and December live cattle are up $1.77 at $229.05. The cash 
cattle market is beginning to see some action develop as trade has been noted 
this morning in Nebraska at mostly $370, which is $2 to $3 higher than last 
week's weighted average, but there have been a few traded at $371 as well. Some 
of the cattle that were sold in Nebraska were committed for delivery on the 
week of 8/17/2026. Bids of $230 to $235 are currently on the table in the 
Southern Plains, but asking prices in that region are firm at $235.

   Boxed beef prices are mixed: choice down $0.40 ($369.25) and select up $3.52 
($350.02) with a movement of 60 loads (37.45 loads of choice, 8.84 loads of 
select, zero loads of trim and 13.28 loads of ground beef).

FEEDER CATTLE:

   And with the continued support of the live cattle complex, the feeder cattle 
contracts are also rallying into Wednesday's noon hour. August feeders are up 
$2.60 at $353.80, September feeders are up $3.15 at $349.27 and October feeders 
are up $3.37 at $340.52. And so long as the live cattle contracts continue to 
trail higher, it's likely that the feeder cattle contracts will do the same.

LEAN HOGS:

   The lean hog complex is back to trading lower even though midday pork cutout 
values are higher, traders aren't confident in the market right now. August 
lean hogs are down $1 at $96.85, October lean hogs are down $1.40 at $82.95 and 
December lean hogs are down $1.47 at $74.30. And until traders see consistent 
support from consumers, they'll likely remain leery of being overly supportive. 
The projected lean hog index is delayed from the source. Hog prices on the 
Daily Direct Morning Hog Report average $99.43, ranging from $98.00 to $101.00 
on 3,590 head, and a five-day rolling average of $100.30. Pork cutouts total 
142.52 loads with 122.76 loads of pork cuts and 19.76 loads of trim. Pork 
cutout values: up $2.40, $102.23.

   ShayLe Stewart can be reached shayle.stewart@dtn.com




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