DTN Early Word Livestock Comments      10/28 06:04
   Another Mexican Cattle Port Opens

   On Monday, Oct. 26, the Columbus, New Mexico, port opened to begin allowing
Mexican feeder cattle to cross the border. On day 1, 620 head crossed, which is
nearly half of the volume usually seen on a typical day before New World
screwworm (NWS) caused the ports to close. With more ports scheduled to open,
the market is expecting 150,000 head to cross by the end of 2026.

Robin Schmahl
DTN Contributing Analyst

                        Futures     Equiv
Cattle:     Higher      Higher      Live       $274.84     +$1.61 *
Hogs:       Steady      Steady      Lean        $79.86     -$0.71 **

   *Based on the formula estimating live cattle equivalent of gross packer
revenue. (The Live Cattle Equiv. The index has been updated to depict recent
changes in live cattle weights and grading percentages.)

   ** based on formula estimating lean hog equivalent of gross packer revenue.

GENERAL COMMENTS:

   Live cattle traded both higher and lower throughout Tuesday with the final
bell showing small gains on the soon expiring October contract and the deferred
contracts 35 to 77.5 cents/cwt lower. Feeder cattle had a strong close with the
October contract up $2.90 and the November contract up $1.475 at settlement.
The Feeder Cattle Index was estimated at $350.67 Tuesday, the first time above
350 in over two months. Beef cutout values had another large increase on
Tuesday afternoon with choice up $2.78 and select $1.29 higher. 620 head of
Mexican feeder cattle crossed at the Columbus, New Mexico, port on its first
day back in operation, with an estimated 150,000 head total of Mexican imports
expected by the end of the year.