DTN Ag Host Midday Livestock

Cattle futures remain mixed early Monday due to the aggressive market support that flooded the market last week, creating some market positioning in both live cattle and feeder cattle trade. April live cattle futures are the only contract month posting strong support Monday due to limited trade volume in this contract month, but narrow gains are holding across the live cattle complex based on expected strong cash cattle and wholesale beef prices in the coming days and weeks. Feeder cattle futures have eased during morning trade, with nearby contracts seeing market positioning. Even with the recent market pullback in prices, the fundamental support based on tighter supplies and long-term demand growth still keeps the market outlook bullish. After spending most of last week stuck in a narrow but generally softer market direction, active buyer support quickly moved into most lean hog contracts, posting strong triple-digit support in May through February 2027 contract months. This renewed support is not surprising, but the ability to hold prices at current or higher levels through the end of the session could spark additional technical buying activity within the lean hog complex during early April. May corn is up 1 1/2 at $4.538 and May soybean meal is up $1.60 at $316.8. The Dow Jones Industrial Average is up 96.22 at 46,600.89.