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DTN Closing Livestock Comment 07/05 16:14

5 Jul 2022
DTN Closing Livestock Comment 07/05 16:14 Weakness Ripples Through Livestock Market The cash cattle market should see some more interest develop come Wednesday, but who will win this week's cash market is yet to be seen. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a tough start to the week for the livestock complex as the commodity market's lower tone drove most of the livestock contracts lower. The lean hog market was able to advance its nearby contracts higher as phenomenal demand supported the market's move, as packers bought aggressively in the cash market and consumers were aggressive at the meat counter too. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $6.24 with a weighted average of $120.46 and on 13,765 head. December corn is down 29 cents per bushel and December soybean meal is down $11.60. The Dow Jones Industrial Average is down 129.44 points.