DTN Closing Livestock Comment 07/20 15:43
20 Jul 2023
DTN Closing Livestock Comment 07/20 15:43 Feedlots Move Prices Higher Again This Week A light round of trade has been reported in both the North and the South for higher prices, but packers will still need to buy more cattle if they want to keep from becoming short bought. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Both the live cattle and feeder cattle contracts grew hesitant ahead of Thursday's close, but the lean hog market pressed onward through closing and kept its elevated position through the day's end. Some light cash cattle trade has been reported in the South at $180 ($2.00 higher) and in the North at $295 ($3.50 higher). Hog prices closed $0.19 lower on the Daily Direct Afternoon Hog Report, equating to a weighted average of $104.29 on 6,503 head. December corn is down 6 3/4 cents per bushel and December soybean meal is down $4.30. The Dow Jones Industrial Average is up 163.97 points.