DTN Closing Livestock Comment 10/10 16:11
10 Oct 2022
DTN Closing Livestock Comment 10/10 16:11 Higher Corn Pushes Cattle Lower The onset of higher corn prices pushed cattle lower, but the lean hog complex kept its strength through Monday's close. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a brutal start to the week for the cattle complex as higher corn prices pushed both feeders and live cattle lower. The lean hog complex ran higher throughout Monday's market and hopes to keep the momentum through Tuesday. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.75 with a weighted average of $84.14 on 4,904 head and a five-day rolling average of $91.19. December corn is up 15 cents per bushel and December soybean meal is up $5.00. The Dow Jones Industrial Average is down 93.91 points.