DTN Midday Livestock Comments          09/29 11:36

   Traders Help Drive the Livestock Contracts Higher into Tuesday's Noon Hour 

   A single bid is currently on the table in Nebraska, but no cattle have 
traded just yet.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex is trading mostly higher into Tuesday's noon hour as 
traders remain hopeful that fundamental support will arise later in the week. 
Currently there's a single bid on the table at $350 in Nebraska, but still no 
cattle have traded yet. December corn is down 1 1/2 cents per bushel and 
December soybean meal is up $1.80. The Dow Jones Industrial Average is down 
292.71 points and NASDAQ is down 27.65 points.

LIVE CATTLE:

   The live cattle complex is keeping within its current sideways chop, 
thankfully trading higher following Monday's lower close, but unwilling to 
break outside of the market comfortable current trading range. October live 
cattle are up $1.32 at $218.77, December live cattle are up $1.25 at $222.05 
and February live cattle are up $1.17 at $224.27. No trade has developed yet in 
the fed cash cattle complex, but a single bid is currently being offered in 
Nebraska at $350 by a regional packer. It's early for any bids to have surfaced 
already, which could indicate that packers are short bought after only lightly 
participating in last week's trade. No asking prices have surfaced yet. 

   Boxed beef prices are higher: choice up $2.80 ($383.28) and select up $4.18 
($362.41) with a movement of 63 loads (35.91 loads of choice, 4.44 loads of 
select, 10.42 loads of trim and 11.80 loads of ground beef). 

FEEDER CATTLE:

   The feeder cattle complex is also trading higher -- hoping that fundamental 
support will arise later this week and continue to allow the contracts to scale 
higher. October feeders are up $1.60 at $333.50, November feeders are up $1.87 
at $331.12 and January feeders are up $1.85 at $323.82. The market is nearing 
resistance at its 100-dya moving average, which traders will obviously need 
unwavering support to conquer that threshold. 

LEAN HOGS :

   The lean hog complex is trading higher following Monday's lower close likely 
because of the slight uptick in pork demand and because of continued trader 
support. October lean hogs are up $0.95 at $79.20, December lean hogs are up 
$1.30 at $69.70 and February lean hogs are up $1.10 at $70.47. The projected 
lean hog index for 9/28/2026 is down $0.27 at $80.94 and the actual index for 
9/25/2026 is down $0.55 at $81.21. Hog prices on the Daily Direct Morning Hog 
Report average $78.01, ranging from $78.00 to $78.25 on 7,270 head and a 
five-day rolling average of $78.47. Pork cutouts total 193.42 loads with 185.33 
loads of pork cuts and 8.09 loads of trim. Pork cutout values: up $2.79, 
$90.59. 

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




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