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DTN Midday Livestock Comments 04/27 11:52
Traders Drive Livestock Contracts Higher
With trades eager to advance the contracts, the livestock contracts are
enjoying a modest rally into midday Monday.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex is off to a stronger start, as all three markets are
trading higher into midday Monday. New showlists appear to be mixed, higher in
Kansas and Texas, but lower in Nebraska/Colorado. July corn is up 4 3/4 cents
per bushel and July soybean meal is up $9.10. The Dow Jones Industrial Average
is down 60.30 points and the NASDAQ is down 43.32 points.
LIVE CATTLE:
The live cattle complex is off to an ambitious start this week, with
contracts enjoying a strong $2.00 to $3.00 rally as boxed beef prices are
higher to start the week, and traders continue to hope that fundamental support
will surface later this week. June live cattle are up $3.70 at $248.92, August
live cattle are up $3.67 at $245.22 and October live cattle are up $3.45 at
$240.92. New showlists appear to be mixed, higher in Kansas and Texas, but
lower in Nebraska/Colorado.
Last week Northern dressed cattle traded at mostly $386 and Southern live
cattle traded at mostly $246, both of which were $2.00 lower than the previous
week's weighted average.
Boxed beef prices are higher: choice up $1.42 ($388.42) and select up $1.67
($387.74) with a movement of 39 loads (28.06 loads of choice, 3.15 loads of
select, zero loads of trim and 8.10 loads of ground beef).
FEEDER CATTLE:
The feeder cattle complex is also enjoying a bullish rally this morning as
traders continue to move the contracts in the same direction as the live cattle
complex. May feeders are up $6.30 at $366.92, August feeders are up $6.17 at
$367.90 and September feeders are up $6.15 at $365.90. And so long as the live
cattle complex continues to trade in a bullish manner, the feeder cattle
complex shouldn't struggle to keep the same trend.
LEAN HOGS :
The lean hog complex is also trading higher after the market endured some
pressure just last week and chopped sideways throughout most of the week's
duration. But if pork demand remains stable and potentially pushes higher, then
there's a chance that contracts will also be able to advance. June lean hogs
are up $0.42 at $102.32, July lean hogs are up $0.17 at $105.07 and August lean
hogs are up $0.12 at $105.70.
The projected lean hog index for 4/24/2026 is down $0.18 at $91.26, and the
actual index for 4/23/2026 is up $0.01 at $91.44. Hog prices are lower on the
Daily Direct Morning Hog report, down $0.28 with a weighted average price of
$90.32, ranging from $88.00 to $92.00 on 1,469 head and a five-day rolling
average of $90.84. Pork cutouts total 142.80 loads with 114.97 loads of pork
cuts and 27.82 loads of trim. Pork cutout values: up $0.68, $100.29.
ShayLe Stewart can be reached shayle.stewart@dtn.com
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