DTN Midday Livestock Comments          05/28 11:37

   Lackadaisical Tones Take Over Livestock Complex 

   A single bid is currently being offered in the cash cattle market, but still 
no cattle have traded. 

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   Thus far it's been a quiet and mundane day for the livestock complex without 
much developing. There's a single cash bid on the table in Kansas at $253; 
otherwise no cash business has developed. July corn is up 3 3/4 cents per 
bushel and July soybean meal is up $3.90. The Dow Jones Industrial Average is 
up 36.52 points and NASDAQ is up 206.26 points.

LIVE CATTLE:

   With boxed beef prices lower and still no cash cattle trade developing, the 
live cattle futures are trading slightly lower into Thursday's noon hour. June 
live cattle are down $0.92 at $250.50, August live cattle are down $0.27 at 
$242.22 and October live cattle are down $0.27 at $233.70. A single bid is on 
the table in Kansas at $253, but otherwise the cash market sits idle with no 
business yet. With it being a holiday-shortened week, export data will be 
released on Friday.

   Boxed beef prices are lower: choice down $2.23 ($392.49) and select down 
$1.96 ($387.33) with a movement of 57 loads (44.54 loads of choice, 5.37 loads 
of select, zero loads of trim and 6.79 loads of ground beef).

FEEDER CATTLE:

   The feeder cattle complex is also trading mostly lower, other than the 
November 2026 and January 2027 contracts. But without the support of the live 
cattle contracts, the feeder cattle complex isn't willing to boldly step out 
and trade higher by itself. August feeders are down $0.22 at $354.40, September 
feeders are down $0.10 at $351.70 and October feeders are down $0.12 at $348.35.

LEAN HOGS:

   The lean hog contracts are lower as traders aren't willing to advance the 
contracts following Wednesday's modest move higher. It's unfortunate because 
Thursday there's signs of stronger consumer support with the midday pork cutout 
values up over $2.00. But traders are leery of being too ambitious. June lean 
hogs are down $0.55 at $97.05, July lean hogs are down $0.07 at $102.07 and 
August lean hogs are down $0.10 at $100.75.

   The projected CME Lean Hog Index for 5/27/2026 is up $0.34 at $90.92 and the 
actual index for 5/26/2026 is down $0.12 at $90.58. Hog prices are lower on the 
Daily Direct Morning Hog Report, down $0.03 with a weighted average price of 
$94.47, ranging from $91.50 to $95.00 on 1,207 head and a five-day rolling 
average of $94.30. Pork cutouts total 231.27 loads with 192.25 loads of pork 
cuts and 39.02 loads of trim. Pork cutout values: up $2.37, $100.72.

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




(c) Copyright 2026 DTN, LLC. All rights reserved.