DTN Ag Host Midday Livestock

The livestock complex is off to a mixed start as traders want to boldly push the contracts higher but need to see more fundamental support before doing so. Still no cash cattle trade has developed. May corn is down 4 cents per bushel and May soybean meal is up $3.80. The Dow Jones Industrial Average is up 262.77 points and NASDAQ is up 162.31 points.

Thursday’s export report shared that beef net sales of 17,400 mt for 2026 were up 47% from the previous week and 36% from the prior 4-week average. The three largest buyers were South Korea (6,100 mt), Japan (6,100 mt) and Mexico (1,100 mt). Pork net sales of 31,300 mt for 2026 were down 41% from the previous week and 14% from the prior 4-week average. The three largest buyers were Mexico (14,700 mt), Japan (3,700 mt) and South Korea (1,800 mt).