DTN Midday Livestock Comments          10/13 11:15

   Weaker Tones Have the Livestock Contracts Trailing Lower into Tuesday's Noon 
Hour 

   Asking prices are noted at $230 in Texas but still no cash cattle trade has 
developed and will likely be delayed until later in the week. 

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   Following Monday's modest rally in the cattle complex, traders are being a 
bit more cautious on Tuesday. Asking prices are noted at $230 in Texas but 
still no cash cattle trade has developed. December corn is up 2 3/4 cents per 
bushel and December soybean meal is down $4.30. The Dow Jones Industrial 
Average is down 141.40 points and NASDAQ is down 51.40 points. 

LIVE CATTLE:

   And without robust support from traders, and no cash cattle trade having 
developed yet this week the live cattle contracts are trading lower into 
Tuesday's noon hour. The only positive fundamental gesture shining through the 
market right now is the fact that midday boxed beef prices are higher. October 
live cattle are down $0.52 at $224.22, December live cattle are down $0.72 at 
$225.87 and February live cattle are down $1.12 at $228.47. No bids are on the 
table in the fed cash cattle market, but asking prices are noted in Texas at 
$230. Feedlot managers have been able to regain some moderate leverage in 
recent weeks, and it's likely again that this week trade will be delayed until 
the later half of the week as feedlot managers hope to hold the market steady 
at least. 

   Boxed beef prices are higher: choice up $0.98 ($376.54) and select up $1.55 
($355.68) with a movement of 68 loads (56.09 loads of choice, 3.08 loads of 
select, 3.06 loads of trim and 6.12 loads of ground beef). 

FEEDER CATTLE:

   Without continued support of the live cattle contracts, the feeder cattle 
complex is trading lower into Tuesday's noon hour. October feeders are down 
$1.75 at $341.72, November feeders are down $1.62 at $339.47 and January 
feeders are down $0.87 at $334.87. And until the live cattle complex turns 
higher again -- a slightly lower trend will likely continue in the feeder 
cattle market. 

LEAN HOGS:

   And even though midday pork cutout values are up slightly, traders are being 
a tick more cautious in Tuesday's market and are allowing a lower trend to take 
the lean hog contracts lower into the afternoon. December lean hogs are down 
$0.52 at $67.85, February lean hogs are down $0.95 at $69.35 and April lean 
hogs are down $1.05 at $74.02. The projected lean hog index for 10/12/2026 is 
down $0.57 at $75.94, and the actual index for 10/9/2026 is down $1.10 at 
$76.51. Hog prices on the Daily Direct Morning Hog Report average $71.36, 
ranging from $65 to $78 on 5,343 head and a five-day rolling average of $71.89. 
Pork cutouts total 163.02 load with 149.38 loads of pork cuts and 13.64 loads 
of trim. Pork cutout values: up $0.08, $83.05. 

   ShayLe Stewart can be reached shayle.stewart@dtn.com




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