Cash Livestock Prices Fall on Lower Beef and Hogs

USDA midday cash reports show lower boxed beef, feeder cattle, and hog prices across several U.S. markets.

Updated on Nov. 4, 2026 in Agriculture

Cash Livestock Prices Fall on Lower Beef and Hogs

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Choice boxed beef fell $.94 to $364.29 and Select boxed beef dropped $.58 to $357.79 in the USDA midday cash livestock report. Cash hog prices also sharply declined, with barrows and gilts $5.57 lower at a weighted average of $41.50.

Why it matters

Lower cash prices for beef, feeder cattle, and hogs affect what producers receive at the point of sale across the United States. The decline reflects moderate demand and a market largely focused on pork demand.

The USDA midday report recorded a $6.50 Choice/Select boxed beef spread and a $71.73 pork cutout value, with feeder steers at the Interstate Regional Stockyards in Missouri $5 to $10 lower. Receipts there were down on the week and the year, though the report does not explain the full cause of the decline.

The players

USDA

The United States Department of Agriculture is the federal agency that publishes daily livestock market reports and tracks agricultural commodity prices nationwide.

The details

Processors moved needed hog numbers at sharply lower prices while negotiated hog purchases at midday remained moderate. Feeder cattle demand was moderate on a light supply, and feeder supply included 54 percent steers.

November 4, 2026: USDA midday cash livestock market report published showing lower beef, cattle, and hog prices.

Market Landscape

The figures come from the USDA Agricultural Marketing Service's routine daily cash livestock reporting, which tracks the same boxed beef, feeder cattle, and hog series used across the industry. This midday update adds the latest readings to that ongoing record of price movement.

Lower cash prices for cattle and hogs can reduce producer revenue at sale, which may later affect retail meat pricing for shoppers. The report does not specify how quickly those changes will reach grocery shelves.

The takeaway

Watch the daily USDA cash livestock reports to track whether boxed beef and hog prices continue to decline. Producers and shoppers alike benefit from monitoring these early indicators of price direction.