DTN Midday Livestock Comments          09/15 11:46

   Weaker Tones Take Over the Livestock Complex 

   Traders grow hesitant to push the livestock contracts any higher without 
further fundamental support. 

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   Weaker tones have taken over the livestock complex as the market trades 
lower into Tuesday's noon hour. Still, no cash cattle trade has developed. 
December corn is down 1 1/4 cents per bushel and December soybean meal is up 
$8.70. The Dow Jones Industrial Average is down 415.98 points and the NASDAQ is 
down 171.73 points.

LIVE CATTLE:

   Although the live cattle complex started the day higher, the market has now 
transitioned into lower territory as traders are longing to see better 
fundamental support before they advance the market any further. The market's 
recent rally has been substantial, but before traders likely push it any 
further, they're hoping to see promising trade again this week in the fed cash 
cattle market. October live cattle are down $1.52 at $220.72, December live 
cattle are down $2.12 at $223.02 and February live cattle are down $1.87 at 
$224.42. No trade has developed yet in the fed cash cattle market, and it's 
likely that this week could be delayed until Thursday or Friday. Both bids and 
asking prices remain elusive at this point.

   Boxed beef prices are mixed: choice up $1.15 ($376.46) and select down $0.19 
($354.36) with a movement of 56 loads (35.25 loads of choice, 10.58 loads of 
select, zero loads of trim and 10.27 loads of ground beef).

FEEDER CATTLE:

   And in keeping in alignment with the live cattle complex, it comes as no 
surprise to see the feeder cattle contracts trading lower into Tuesday's noon 
hour. September feeders are down $3.12 at $340.50, October feeders are down 
$3.60 at $334.25 and November feeders are down $3.50 at $329.27. It will be 
interesting to see how the board's softened tone today affects feeder cattle 
prices as sales were stronger last week, and also on Monday.

LEAN HOGS :

   And the lean hog complex is keeping with its lower trend into Tuesday's noon 
hour as the market simply lacks enough fundamental support to do otherwise. 
October lean hogs are down $0.40 at $79.20, December lean hogs are down $1.52 
at $69.70 and February lean hogs are down $1.55 at $72.00. The spot October 
contract is currently trading below the market's support plane, and is 
beginning to trade below that threshold.

   The projected lean hog index is delayed from the source. Hog prices are 
higher on the Daily Direct Morning Hog Report, up $1.28 with a weighted average 
price of $85.11, ranging from $83.00 to $88.00 on 6,341 head and a five-day 
rolling average of $85.80. Pork cutouts total 172.44 loads with 158.26 loads of 
pork cuts and 14.17 loads of trim. Pork cutout values: down $1.02, $88.76.

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




(c) Copyright 2026 DTN, LLC. All rights reserved.