DTN Closing Livestock Comment 09/27 15:58
27 Sep 2022
DTN Closing Livestock Comment 09/27 15:58 Livestock Futures Continue Lower, Cash Cattle Trade Steady Fears of higher interest rates again consumed the marketplace and drove the livestock complex lower. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The live cattle, feeder cattle and lean hog contracts fell back as the likelihood of higher interest rates consumed the market and sent prices tumbling. The cash cattle market saw some cattle trade in the South for $143, which is steady with last week's business. Hog prices closed higher on the Daily Direct Afternoon Hog report, up $5.49 with a weighted average of $97.37 on 25,754 head. December corn is up 1 1/4 cents per bushel and December soybean meal is down $3.90. The Dow Jones Industrial Average is down 125.82 points.