GENERAL COMMENTS:
The livestock complex is trading mixed into Monday's noon hour as once again traders scan the complex for continued support. New showlists appear to be to be slightly higher in Nebraska and Colorado and higher in Kansas and Texas. May corn is up 2 3/4 cents per bushel and May soybean meal is up $1.40. The Dow Jones Industrial Average is down 43.07 points and NASDAQ is up 133.91 points.
LIVE CATTLE:
Thus far it's been a fairly slow, mundane start to the week as the live cattle futures are trading just above steady in most of the contracts, expect for the spot and nearby months which are trading slightly lower. June live cattle are down $0.45 at $248.75, August live cattle are steady at $244.75 and October live cattle are up $0.12 at $240.67. Following the massive rally the market has experienced over the last two trading weeks, it's likely the complex won't push much higher until traders see what's going to develop in terms of fundamental support this week. Currently the spot June live cattle contract is $5.02 higher than the previous all-time high scored last October before the market raced lower. New showlists appear to be to be slightly higher in Nebraska andColorado and higher in Kansas and Texas.
Last week's cash cattle trade was extremely limited, but a few deals were marked in Kansas at $249, which is $3.00 higher than the previous week's weighted average, and at $246 in Texas, which is $1.00 higher than the previous week's weighted average. Northern dressed cattle traded for $385 to $389, which is steady to $4.00 higher than the previous week's weighted average.
Boxed beef prices are higher: choice up $1.07 ($381.97) and select up $3.17 ($384.51) with a movement of 31 loads (18.58 loads of choice, 3.80 loads of select, 5.00 loads of trim and 4.09 loads of ground beef).
FEEDER CATTLE:
The live cattle complex may be headed into the new week cautiously, but the feeder cattle complex is trading fully higher as demand from the countryside is helping keep traders active in the complex. April feeder cattle are steady at $374.15, May feeders are up $0.57 at $372.92 and August feeders are up $1.12 at $373.57. So long as demand remains strong again this week from buyers, the market will likely keep with its steady/somewhat higher trend.
LEAN HOGS:
Although pork cutout values are higher on the midday report and were slightly higher late last week, the hog complex continues to trend lower as the market simply isn't seeing the technical interest it needs. June lean hogs are down $0.65 at $103.07, July lean hogs are down $0.50 at $106.07 and August lean hogs are down $0.42 at $106.02. Hopefully the market is nearing the bottom to this current move and if support from consumers remains stable this week, trades may be able to begin to pull the contracts higher later in the week.
The projected CME Lean Hog Index for 4/10/2026 is down $0.01 at $90.27, and the actual index for 4/9/2026 is down $0.01 at $90.28. Hog prices are lower on the Daily Direct Morning Hog Report, down $0.16 with a weighted average price of $89.23, ranging from $88.00 to $91.00 on 441 head and a five-day rolling average of $90.04. Pork cutouts total 125.67 loads with 104.91 loads of pork cuts and 20.76 loads of trim. Pork cutout values: up $1.11, $99.81.
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