GENERAL COMMENTS:
The livestock complex is off to a stronger start this morning as traders are hopeful that the market's strong fundamentals are going to remain evident through the week's latter half. Still no cash cattle trade has developed but asking prices are firm at $235 in the South. September corn is up 1 3/4 cents per bushel and August soybean meal is down $2.00. The Dow Jones Industrial Average is up 51.05 points and the NASDAQ is up 90.51 points.
LIVE CATTLE:
The live cattle complex is continuing to charge onward and higher as traders remain optimistic that the market's fundamental strength is going to remain viable in the months ahead, as supplies remain thin and demand is still utterly incredible. August live cattle are up $1.95 at $231.72 and October live cattle are up $1.90 at $228.32 and December live cattle are up $1.92 at $228.67. Still no developments have surfaced in the week's fed cash cattle market, but asking prices remain firm at $235 plus in the South and remain unestablished in the North. Trade isn't expected to develop until Thursday at the earliest.
Boxed beef prices are lower: choice down $1.14 ($363.05) and select down $0.49 ($341.99) with a movement of 116 loads (77.88 loads of choice, 15.55 loads of select, 14.58 loads of trim and 8.49 loads of ground beef).
FEEDER CATTLE:
The feeder cattle complex is also electing to trade higher and higher as demand in the feeder cattle complex is utterly phenomenal. It seems as though every week new records are being set for feeder cattle sales in the countryside as buyers soberly know that if they want to get calves purchased this year, it's going to be somewhat of a bidding war. August feeders are up $1.62 at $337.82, September feeders are up $1.32 at $338.40 and October feeders are up $1.22 at $337.12.
LEAN HOGS:
The lean hog complex is changing its tune for the week as its contracts are now trading higher as well. More than anything, it seems that traders are noting the uptick in morning pork prices, along with the staggering advancement in the cash hog market. August lean hogs are up $0.10 at $107.35, October lean hogs are up $0.70 at $89.42 and December lean hogs are up $0.60 at $81.40. The $5.02 jump in the belly alongside the $4.80 increase in the picnic has helped push the carcass price slightly higher.
The projected lean hog index for 7/29/2025 is up $0.06 at $110.51, and the actual index for 7/28/2025 is up $0.13 at $110.45. Hog prices are higher on the Daily Direct Morning Hog Report, up $8.76 with a weighted average price of $114.30, ranging from $104.00 to $117.50 on 9,055 head and a five-day rolling average of $113.03. Pork cutouts totaled 194.14 loads with 175.09 loads of pork cuts and 19.05 loads of trim. Pork cutout values: up $0.06, $115.91.
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