DTN Closing Livestock Comment 07/19 15:43
19 Jul 2023
DTN Closing Livestock Comment 07/19 15:43 Higher Corn Prices Keep Feeders Lower The live cattle complex closed higher as traders believe that feedlots will be able to keep the market at least steady. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The live cattle complex charged higher while both the lean hog and feeder cattle markets faced some pressure. The big question heading into Thursday's market will again be: what are cash cattle prices doing to amount to? Hog prices closed higher on the daily Direct Afternoon Hog Report, up $0.23 with a weighted average price of $104.48 on 15,292 head. December corn is up 18 1/2 cents per bushel and December soybean meal is down $1.30. The Dow Jones Industrial Average is up 109.01 points.