DTN Midday Livestock Comments          09/14 11:31

   Cattle Charge Higher into the New Week

   Showlists are higher in all major feeding areas as seasonal supplies are 
increasing.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex is starting the week out mixed again as the cattle 
contracts continue to thrive and rally while the lean hog complex is trading 
lower. Showlists are higher in all major feeding areas. December corn is up 1 
cent per bushel and December soybean meal is up $4.80. The Dow Jones Industrial 
Average is down 51.00 points and the NASDAQ is down 66.56 points.

LIVE CATTLE:

   Thanks to the strong performance in last week's fed cash cattle market and 
the uptick in boxed beef prices at Monday's start, the live cattle contracts 
continue to trade boldly above the market's 40-day moving average. All things 
considered, the market's attitude has turned to one that's moderately bullish, 
and so long as the supportive factors remain, there's plenty of room for the 
complex to trade higher. October live cattle are up $2.60 at $222.27, December 
live cattle are up $2.77 at $225.00 and February live cattle are up $2.22 at 
$226.22. Showlists are higher in all major feeding areas.

   Last week Northern dressed cattle traded for mostly $350, which is $5.00 to 
$6.00 higher than the previous week's weighted average. And Southern live 
cattle waited to trade until the week's bitter end, but it was worth it, as 
Southern live cattle traded for mostly $226, which is $3.00 to $4.00 higher 
than the previous week's weighted average.

   Boxed beef prices are higher: choice up $2.71 ($378.65) and select up $1.08 
($342.21) with a movement of 48 loads (25.13 loads of choice, 3.07 loads of 
select, 10.60 loads of trim and 8.94 loads of ground beef).

FEEDER CATTLE:

   With plenty of support available in the marketplace, the feeder cattle 
contracts are also trading higher into Monday's noon hour. September feeders 
are up $4.95 at $342.77, October feeders are up $4.32 at $336.72 and November 
feeders are up $3.97 at $332.15. Hopefully the market's robust support will 
help feeder cattle prices trade higher again this week.

LEAN HOGS :

   And while the cattle contracts continue to venture higher, the lean hog 
complex is in the opposite position, as its market is trending lower. More than 
anything, it continues to be the struggle of resistance support mixed with 
unstable consumer demand, which has the complex trading lower. October lean 
hogs are down $2.05 at $79.47, December lean hogs are down $2.50 at $70.20 and 
February lean hogs are down $2.30 at $72.90. The projected lean hog index for 
9/11/2026 is down $0.71 at $87.23 and the actual index for 9/10/2026 is down 
$0.85 at $87.94. Hog prices on the Daily Direct Morning Hog Report average 
$83.83, ranging from $74.00 to $86.00 on 405 head and a five-day rolling 
average of $87.21. Pork cutouts totaled 143.04 loads, with 130.56 loads of pork 
cuts and 12.48 loads of trim. Pork cutout values: up $0.25, $90.05.

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




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