DTN Midday Livestock Comments          06/16 11:53

   Strong Demand Helps Keep Livestock Contracts Higher 

   Following Friday's sharply lower close the cattle complex is back to trading 
higher Monday thanks to strong beef demand. 

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   The livestock complex is off to a fruitful start Monday as the market is 
pleased to see strong consumer demand early this week. New showlists appear to 
be higher in all major feeding states. July corn is down 11 1/4 cents per 
bushel and July soybean meal is down $7.50. The Dow Jones Industrial Average is 
up 368.89 points and NASDAQ is up 285.31 points.

LIVE CATTLE:

   After feeling immensely pressured from a technical standpoint last Friday, 
the live cattle complex is beginning to regain some ground early this week as 
most of the nearby contracts are trading $2.00 to $3.00 higher. August live 
cattle are up $3.10 at $215.55, October live cattle are up $2.82 at $212.75 and 
December live cattle are up $2.55 at $213.17. Like last week, it's unlikely any 
cash cattle trade will develop until Wednesday at the absolute earliest. But 
seeing boxed beef prices higher Monday morning does keep bull-spreaders hopeful 
the market's fundamentals will remain supportive this week. Do note that on 
Friday of this week the monthly Cattle on Feed report will be released. New 
showlists appear to be higher in all major feeding states.

   Last week Southern live cattle traded at mostly $235, which is $4.00 to 
$5.00 higher than the previous week's weighted average, and Northern dressed 
cattle traded at mostly $380, which is steady with the previous week's weighted 
average.

   Boxed beef prices are higher: choice up $2.03 ($379.91) and select up $2.67 
($366.17) with a movement of 47 loads (21.56 loads of choice, 10.25 loads of 
select, 5.46 loads of trim and 9.49 loads of ground beef).

FEEDER CATTLE:

   With the help of continued fundamental support and active trade Monday 
morning in the live cattle complex, feeder cattle contracts are confidently 
higher as the market has more than enough support to justify higher trade. 
August feeders are up $3.60 at $310.10, September feeders are up $3.75 at 
$309.35 and October feeders are up $3.87 at $307.22. Starting Tuesday, June 17, 
Superior Livestock Auction will be hosting their first online sale for the 
season, the Corn Belt Classic, in Sioux City, Nebraska. The sale is cataloged 
to offer 104,011 head and it will be a great opportunity to see what feeder 
cattle prices are expected to be later this fall.

LEAN HOGS:

   The lean hog complex is rocking and rolling Monday morning as the market is 
trading at new contract highs yet again as traders continue to be pleased with 
the consumer support they're receiving. July lean hogs are up $1.97 at $111.45, 
August lean hogs are up $1.67 at $111.80 and October lean hogs are up $1.50 at 
$95.70. Monday morning the big $3.00 gain in the picnic is helping push the 
carcass price higher more than anything.

   The projected CME Lean Hog Index for 6/13/2025 is up $0.89 at $103.70 and 
the actual index for 6/12/2025 is up $1.05 at $102.81. Hog prices are higher on 
the Daily Direct Morning Hog Report, up $2.51 with a weighted average price of 
$106.56, ranging from $100.00 to $110.00 on 512 head and a five-day rolling 
average of $105.99. Pork cutouts total 114.31 loads with 102.65 loads of pork 
cuts and 11.66 loads of trim. Pork cutout values: up $0.87, $118.93.

   **

   Editor's Note: Get ahead of the herd with the latest insights on the cattle 
market's changing cycle. Join us on Tuesday, June 24, from 10 a.m. CDT to noon 
for an in-depth analysis of how weather patterns, trade disruptions, and 
drought are reshaping the beef industry's traditional 10-year cycle. Oklahoma 
State University Livestock Marketing Specialist Dr. Derrell Peel shares what 
the cowherd of the future will look like, while DTN experts share details on 
weather conditions for forage and pastures, hay market dynamics and what it all 
means for fat and live cattle prices. Register for free here: 
https://dtn.link/AgSummitSeries-Summer2025 .

   **

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




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