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DTN Closing Livestock Comment 08/08 16:11

8 Aug 2022
DTN Closing Livestock Comment 08/08 16:11 Feeders Hustle Monday's Market While Corn Went Lower Heading into Tuesday's market, so much of the livestock complex's direction will likely depend on how corn trades. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a powerful day for the livestock complex, but an extremely good day for the feeder cattle market. As corn prices trended lower throughout the day, the contracts all celebrated the notion of lower feed costs. Hog prices closed $1.59 lower on the Daily Direct Afternoon Hog Report, equating to a weighted average of $122.84 on 6,700 head. December corn is down 2 3/4 cents per bushel and December soybean meal is down $6.00. The Dow Jones Industrial Average is up 29.07 points.