DTN Ag Host Midday Livestock

The livestock complex is higher as we move into Thursday’s noon hour as traders continue to see enough technical support to mildly push the contracts higher, although the fundamentals are mixed. Some light cash cattle trade has developed Thursday morning, but prices are holding steady with Wednesday’s trend. May corn is down 1 1/4 cents per bushel and July soybean meal is up $1.00. The Dow Jones Industrial Average is down 89.70 points and NASDAQ is down 63.16 points.

Thursday’s export report shared that beef net sales of 15,100 mt for 2026 were up 26% from the previous week and 17% from the prior 4-week average. The three largest buyers were South Korea (5,100 mt), Japan (4,100 mt) and Mexico (2,100 mt). Pork net sales of 16,100 mt for 2026 — a marketing year low — were down 57% from the previous week and 60% from the prior 4-week average. The three largest buyers were Mexico (8,900 mt), South Korea (3,300 mt) and Columbia (3,300 mt).