DTN Closing Livestock Comment 07/21 15:59
21 Jul 2022
DTN Closing Livestock Comment 07/21 15:59 A Lackluster Thursday as the Market Waits for Friday's USDA Reports Heading into Friday's market, it's likely that the complex is quiet and hesitant ahead of the big afternoon reports. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday's trade didn't amount to much for the livestock complex, especially for both the live cattle and lean hog contracts. The feeder cattle market was able to close slightly higher as corn prices keep waning lower. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.98 with a weighted average of $124.71 on 12,932 head. December corn is down 16 1/2 cents per bushel and December soybean meal is down $5.70. The Dow Jones Industrial Average is up 162.06 points.