DTN Closing Livestock Comment 09/23 15:55
23 Sep 2022
DTN Closing Livestock Comment 09/23 15:55 Traders Run From Market Ahead of Friday's Close The markets closed with panic and uncertainty laced throughout their innermost core as higher interest rates concern everyone involved. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Friday's market lent the livestock complex no favors as the contracts dived lower upon the onset of higher interest rates which created uncertainly throughout the entire marketplace. The cattle complex had even more anxiety heading into the afternoon as it awaited Friday's Cattle on Feed Report. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $7.69 with a weighted average of $86.34 on 3,395 head. December corn is down 11 1/2 cents per bushel and December soybean meal is down $5.60. The Dow Jones Industrial Average is down 486.27 points.