DTN Midday Livestock Comments          06/10 11:44

   Livestock Contracts are Higher Wednesday With Ample Trader Support

   No cash cattle trade has developed and currently no bids are on the table 
near noon Wednesday.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   After a mixed start to the week, the livestock contracts are higher heading 
into Wednesday's noon hour as traders pour extra support into the marketplace. 
NO new cash cattle trade has developed and currently no bids are on the table. 
July corn is steady and July soybean meal is up $0.40. The Dow Jones Industrial 
Average is down 568.88 points and NASDAQ is down 284.22 points.

LIVE CATTLE:

   Live cattle futures are rallying modestly into Wednesday's noon hour as the 
market is hopeful fundamental support is going to arise later in the week. It 
will be interesting to see how traders handle this afternoon -- along with 
Thursday's open -- as the contracts are nearing resistance and could grow weary 
of pushing higher if fundamental support doesn't develop immediately. June live 
cattle are up $1.95 at $249.97, August live cattle are up $1.85 at $241.55 and 
October live cattle are up $1.82 at $233.95. The cash cattle market is quiet at 
this point with no bids currently on the table. On Tuesday some bids were 
offered in Nebraska at $403 -- but no cattle traded. Asking prices are noted in 
Texas at $258 to $260.

   Boxed beef prices are higher: choice up $1.91 ($394.81) and select up $0.92 
($377.85) with a movement of 63 loads (36.82 loads of choice, 6.29 loads of 
select, 8.37 loads of trim and 11.20 loads of ground beef).

FEEDER CATTLE:

   Feeder cattle future's upward movement Wednesday is somewhat expected given 
the live cattle contracts are trading higher. August feeders are up $0.87 at 
$355.02, September feeders are up $1.30 at $352.00 and October feeders are up 
$1.35 at $348.25. Unlike the live cattle contracts, the feeder cattle contracts 
are further away from their resistance which means the market should be able to 
trade higher with ease if traders continue to believe that's the way the market 
should go.

LEAN HOGS:

   After trading lower for four days in a row, the lean hog complex may have 
found some support as currently its contracts are higher. July lean hogs are up 
$1.20 at $97.35, August lean hogs are up $1.15 at $95.85 and October lean hogs 
are up $0.52 at $81.52. It is worth noting that, along with finding technical 
support this morning, the contracts are also pleased to see a slight uptick in 
pork demand.

   The projected CME Lean Hog Index for 6/9/2026 is up $0.16 at $92.92, and the 
actual index for 6/8/2026 is up $0.13 at $92.76. Hog prices are higher on the 
Daily Direct Morning Hog Report, up $0.18 with a weighted average price of 
$97.35, ranging from $90.00 to $98.00 on 1,768 head and a five-day rolling 
average of $96.38. Pork cutouts total 185.12 loads with 159.64 loads of pork 
cuts and 25.48 loads of trim. Pork cutout values: up $0.69, $96.65.

    

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




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