GENERAL COMMENTS:
Although the cattle complex was shaken on Friday because of President Trump's announcement that he plans to cheapen beef prices, the market is rebounding mildly on Monday following the sharp sell off. New showlists appear to be lower in all major feeding areas again this week. December corn is down 1/4 cent per bushel and December soybean meal is steady. The Dow Jones Industrial Average is up 402.66 points and the NASDAQ is up 299.70 points.
LIVE CATTLE:
The live cattle complex is luckily trading higher early this week, as traders seem to be moving past the emotion turmoil that ran rampant throughout the marketplace on Friday as President Trump stated that he wants beef prices to cheapen. Mix President Trump's comments with the fact that the spot December live cattle contract rallied $13.35 in a matter of 13 days, money managed funds and traders alike were both getting leery of how high the market had quickly come. But thankfully supporting the market's bullish uptick in the futures complex has been the notable turn in consumer demand and the help of stronger fed cash cattle prices. December live cattle are up $1.75 at $243.60, February live cattle are up $1.55 at $244.37 and April live cattle are up $244.67. New showlists appear to be lower in all major feeding areas again this week.
Last week Northern cattle traded for mostly $372, which is $9.00 higher than the previous week's weighted average, and Southern live cattle traded at mostly $240 which is $5.00 higher than the previous week's weighted average.
Boxed beef prices are higher: choice up $2.09 ($368.86) and select up $2.65 ($352.92) with a movement of 41 loads (21.23 loads of choice, 5.89 loads of select, zero loads of trim and 14.25 loads of ground beef).
FEEDER CATTLE:
Along with the live cattle complex, the feeder cattle contracts are trading higher into Monday's noon hour. November feeders are up $2.12 at $373.75, January feeders are up $1.10 at $370.40 and March feeders are up $0.50 at $367.95. The market, more than anything, just seems to be finding some stability following the sharp decline that occurred on Friday. Last week feeder cattle prices skyrocketed in the countryside, and hopefully buyer demand will remain strong again this week and lend the market additional fundamental support.
LEAN HOGS:
After closing lower Friday afternoon, the lean hog complex is back to trading slightly higher as the market could be finding some technical footing and luckily pork demand is up slightly this morning. December lean hogs are down $0.05 at $82.32, February lean hogs are up $0.17 at $84.95 and April lean hogs are up $0.42 at $89.07. It will be crucial that demand remains a strong factor this week if the futures complex is going to attempt to trade higher.
The projected lean hog index for 10/17/2025 is down $0.54 at $95.58, and the actual index for 10/16/2025 is down $0.47 at $96.12. Hog prices are higher on the Daily Direct Morning Hog Report, up $0.79 with a weighted average price of $90.60, ranging from $89.00 to $97.00 on 2,098 head and a five-day rolling average of $92.88. Pork cutouts totaled 203.53 loads with 174.47 loads of pork cuts and 29.05 loads of trim. Pork cutout values: up $0.60, $103.30.
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