DTN Midday Livestock Comments          08/11 11:42

   Cattle Keep Climbing Higher While Hogs Remain Cautious 

   No bids or asking prices have surfaced yet Tuesday for this week's fed cash 
cattle market. 

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex is trading into Tuesday's noon hour with the cattle 
contracts seeing mild support while the lean hog contracts drift lower. No 
developments have surfaced in this week's fed cash cattle market yet. December 
corn is down 1 cent per bushel and December soybean meal is up $0.30. The Dow 
Jones Industrial Average is down 87.07 points and NASDAQ is down 122.58 points.

LIVE CATTLE:

   The live cattle complex is trading mildly higher into Tuesday's noon hour as 
the market continues to hope fundamental support will be greater later in the 
week. It's anyone's guess at this point what this week's fed cash cattle market 
will amount to; but with packers able to buy a plethora of cattle last week, I 
personally see steady prices as the best-case scenario for this week's cash 
market. August live cattle are up $0.02 at $233.30, October live cattle are up 
$0.20 at $227.10 and December live cattle are up $0.47 at $226.47. No bids or 
asking prices have surfaced yet in the cash market.

   Boxed beef prices are lower: choice down $1.04 ($370.38) and select down 
$0.65 ($350.19) with a movement of 86 loads (49.86 loads of choice, 15.50 loads 
of select, 5.49 loads of trim and 15.61 loads of ground beef).

FEEDER CATTLE:

   The feeder cattle complex is trading mostly higher into Tuesday's noon hour, 
although the August 2026 feeder cattle contract is trading a tick lower. Again 
Tuesday, the feeder cattle complex is following in the live cattle market's 
wake, hoping it's upward trajectory continues as that's the biggest supportive 
factor the market possesses right now. August feeders are down $0.22 at 
$350.37, September feeders are up $1.00 at $345.60 and October feeders are up 
$1.35 at $337.22.

LEAN HOGS:

   The lean hog complex is trading lower again as traders are leery about being 
overly supportive of the market. Yes, midday pork cutout values are higher, but 
traders are hoping that stability will shine through and give them greater 
confidence. October lean hogs are down $0.62 at $83.05, December lean hogs are 
down $1.05 at $74.07 and February lean hogs are down $1.07 at $77.40. The 
projected CME Lean Hog Index for 8/10/2026 is down $0.15 at $95.94, and the 
actual index for 8/7/2026 is down $0.21 at $96.09. Hog prices on the Daily 
Direct Morning Hog Report average $96.96, ranging from $92.00 to $97.00 on 
5,830 head and a five-day rolling average of $97.80. Pork cutouts totaled 
153.92 loads with 139.90 loads of pork cuts and 14.02 loads of trim. Pork 
cutout values: up $0.98, $102.79.

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




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