DTN Closing Livestock Comment 10/24 15:58
24 Oct 2022
DTN Closing Livestock Comment 10/24 15:58 Bullish Tones Summarize the Cattle Markets Monday Both the live cattle and feeder cattle markets closed higher while the lean hog market wasn't able to muster as much support. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a powerful day for the cattle contracts as the markets charged on higher, rallying on the interest of traders amid such strong fundamentals. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.29 with a weighted average of $89.18 on 4,765 head. December corn is down 2 3/4 cents per bushel and December soybean meal is down $9.20. The Dow Jones Industrial Average is up 417.06 points.