DTN Closing Livestock Comment 09/15 16:04
15 Sep 2020
DTN Closing Livestock Comment 09/15 16:04 What's in Store for This Week's Live Cattle Market? Tuesday's trade wasn't as supportive as Monday, leaving the complex left to short all the fine details later in the week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Even though the lean hog complex closed mostly lower, with a strong cutout close and a higher cash market again, Tuesday was a positive day. The feeder cattle market secured a positive close throughout the board, leaving the live cattle market up for debate and leaving us wondering how this week's cash cattle trade will pan out. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.72 with a weighted average of $58.89 on 9,467 head. December corn is down 3 1/2 cents per bushel and December soybean meal is down $2.80. The Dow Jones Industrial Average is up 2.27 points and NASDAQ is up 133.67 points.