The livestock complex ended the day mixed with the cattle contracts still trading lower but the lean hog contracts found some mild support ahead of the week's close. Some light cash cattle trade developed throughout the day in the South at $222 which is $3.00 lower than last week's weighted average. December corn is up 3 cents per bushel and December soybean meal is up $8.00. The Dow Jones Industrial Average is down 9.45 points and NASDAQ is down 138.93 points.
From Friday-to-Friday livestock futures scored the following changes: August live cattle off $3.80, October live cattle off $6.20; September feeder cattle down $13.85, October feeder cattle down $7.12; October lean hogs up $1.03, September corn up $0.28, December corn up $0.28.
LIVE CATTLE:The live cattle contracts continued with their sideways to somewhat lower chop through Friday's close. October live cattle closed $1.20 lower at $211.72, December live cattle closed $1.07 lower at $213.72 and February live cattle closed $1.30 lower at $215.52. Throughout the day some Southern live cattle traded at $222 which is $3.00 lower than the previous week's weighted average, and Northern dressed cattle traded at $345 which is $10.00 lower than the previous week's weighted average.
Friday's slaughter is estimated at 103,000 head -- 4,000 head more than a week and year ago. Saturday's slaughter is projected to be around 24,000 head. The week's total slaughter is estimated at 542,000 head -- 19,000 head more than a week ago and 24,000 head less than a year ago.
Boxed beef prices closed mixed: choice down $5.13 ($376.23) and select up $1.89 ($361.08) with a movement of 108 loads (87.88 loads of choice, 5.47 loads of select, zero loads of trim and 15.12 loads of ground beef).
MONDAY'S CATTLE CALL: Lower. With packers back in control of the market now that they've got enough supply committed to them, it's likely that prices are going to continue to trend lower as supplies seasonally continue to build.
FEEDER CATTLE:The feeder cattle complex also ended the day lower as nothing fundamentally developed to help trades push the contracts higher ahead of the week's end. September feeders closed $1.55 lower at $320.90, October feeders closed $1.55 lower at $316.52 and November feeders closed $1.55 lower at $309.92. At Oklahoma National Stockyards in Oklahoma City, Oklahoma compared to past week feeder steers traded $10.00 to $15.00 lower and feeder heifers sold $2.00 to $6.00 lower. Steer and heifer calves traded $15.00 to $20.00 lower. Slaughter cows sold $7.00 to $12.00 lower and slaughter bulls sold $11.00 lower. Feeder cattle supply over 600 pounds was 62%. The CME feeder cattle index 8/27/2026: down $0.67, $332.80.
LEAN HOGS:The lean hog complex ended the day with more gusto as the slight rally in pork demand helped traders push the contracts higher into the weekend. October lean hogs closed $1.27 higher at $81.90, December lean hogs closed $1.10 higher at $72.30 and February lean hogs closed $1.12 higher at $74.97. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.19 with a weighted average price of $89.57 on 2,319 head. Pork cutouts totaled 218.71 loads with 189.77 loads of pork cuts and 28.93 loads of trim. Pork cutout values: up $2.26, $96.06. Friday's slaughter is estimated at 447,000 head -- 7,000 head less than a week ago and 12,000 head less than a year ago. Saturday's slaughter is projected to be around 29,000 head. The CME lean hog index 8/26/2026: down $0.28, $92.14.
MONDAY'S HOG CALL: Lower. Packers rarely show the cash hog market much interest on Mondays.
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