DTN Closing Livestock Comment 10/07 15:39
7 Oct 2022
DTN Closing Livestock Comment 10/07 15:39 Livestock Will Be Looking for Support Early Monday Morning It was a mixed week for the livestock complex as the feeder cattle market neglected to see the support it yearned for, but both the live cattle and lean hog markets saw relatively strong support both technically and in the cash and meat markets. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a mixed day for the livestock complex as the markets saw hit and miss demand, with feeder cattle closing completely lower while both the live cattle and lean hog markets saw a mixed end to the day. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.51 with a weighted average of $86.89 on 3,859 head. December corn is up 7 3/4 cents per bushel and December soybean meal is up $7.30. The Dow Jones Industrial Average is down 630.15 points.