DTN Closing Livestock Comment 09/29 16:00
29 Sep 2022
DTN Closing Livestock Comment 09/29 16:00 Cattle Find Technical Support Heading into Friday's market, the cattle complex is hoping to keep its morale elevated and to not pressure is newfound support plane. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Even though the lean hog contracts drew back ahead of the day's end, the livestock complex successfully walked away with some wins from Thursday's market. First, both the beef and pork markets were pleased with the day's export report. Second, the live cattle and feeder cattle contracts found technical support. Lastly, the day's Hogs and Pigs report came in supportive. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $4.93 with a weighted average of $88.35 on 5,889 head. December corn is down 1 cent per bushel and December soybean meal is down $5.50. The Dow Jones Industrial Average is down 458.13 points.