DTN Midday Livestock Comments          09/01 11:44

   Cattle Dip Lower While Hogs Find Mild Support 

   Asking prices in the South are noted at $225. 

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex is again trading mixed into the day's noon hour as the 
cattle contracts continue to slide lower while the lean hog complex is being 
met with modest support. Asking prices are noted at $225 in Texas, but still no 
cash cattle trade has developed yet. December corn is up 8 1/4 cents per bushel 
and December soybean meal is up $6.20. The Dow Jones Industrial Average is down 
362.86 points and NASDAQ is down 211.86 points.

LIVE CATTLE:

   And once again today, the sideways chop continues in the live cattle complex 
as although the market hopes and desires to trade higher -- there simply isn't 
enough immediate fundamental support arising in the complex to confidently 
allow traders to push the contracts beyond the bounds of the market's current 
sideways trend. October live cattle are down $0.90 at $211.77, December live 
cattle are down $1.15 at $213.42 and February live cattle are down $1.42 at 
$215.05. No developments have surfaced yet in this week's fed cash cattle 
market, but asking prices are noted in Texas at $225.

   Boxed beef prices are higher: choice up $2.20 ($378.02) and select up $2.17 
($360.66) with a movement of 59 loads (40.62 loads of choice, 4.21 loads of 
select, 8.73 loads of trim and 5.06 loads of ground beef.)

FEEDER CATTLE:

   And in keeping with perfect alignment to the live cattle contracts, the 
feeder cattle contracts are also trading lower. September feeders are down 
$1.62 at $319.82, October feeders are down $2.12 at $314.80 and November 
feeders are down $2.22 at $308.20. And until more stability is seen throughout 
the complex, it's likely that this sideways/slightly lower trend will continue.

LEAN HOGS :

   Meanwhile the lean hog contracts are trading mostly higher as trades are 
pleased to see midday pork cutout values higher -- even it is by a mere penny. 
October lean hogs are up $0.07 at $83.75, December lean hogs are up $0.10 at 
$74.25 and February lean hogs are down $0.05 at $76.47. So long as pork cutout 
values continue to trade higher, there's a chance that the contracts may be 
able to keep scaling higher as well. The projected lean hog index for 8/31/2026 
is down $0.29 at $90.58 and the actual index for 8/28/2026 is down $0.66 at 
$90.86. Hog prices are higher on the Daily Direct Morning Hog Report, up $0.99 
with a weighted average price of $89.64, ranging from $80.00 to $96.00 on 3,475 
head and a five-day rolling average of $90.26. Pork cutouts total 183.81 loads 
with 160.38 loads of pork cuts and 23.43 loads of trim. Pork cutout values: up 
$0.01, $97.68.

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




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