DTN Closing Livestock Comment 09/26 16:09
26 Sep 2022
DTN Closing Livestock Comment 09/26 16:09 Livestock Complex Closed Lower as Widespread Selling Summaries Monday's Events Heading into Tuesday's market both beef and pork producers are hopeful that domestic demand will help ease some of the market's pain. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex couldn't avoid the market's looming pressure as investors become more and more fixated on the brutal combination of higher interest rates and hot inflation. The entire livestock complex closed lower and seemed to be focused on one thing -- the economy's weakened state. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $5.54 with a weighted average of $91.88 on 8,882 head. December corn is down 10 1/2 cents per bushel and December soybean meal is down $5.80.