DTN Closing Livestock Comment 10/20 16:13
20 Oct 2022
DTN Closing Livestock Comment 10/20 16:13 Packers and Feedlots Go Toe to Toe Southern cattle traded for $3.00 higher than last week's weighted average, but largely the North has only seen a small handful of cattle trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Thursday started the day off strong with a good export-sales report for both the cattle and hog markets. As the day progressed, the cash cattle market saw strong interest develop in the South but Northern feedlots remained committed to their asking prices and have yet to really see much trade develop in their region. Come Friday, the market will be watching for more cash cattle trade and for the afternoon's Cattle on Feed report. December corn is up 5 3/4 cents per bushel and December soybean meal is up $11.60. The Dow Jones Industrial Average is down 90.22 points.