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.
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