DTN Closing Livestock Comment 07/24 15:40
24 Jul 2023
DTN Closing Livestock Comment 07/24 15:40 Higher Corn Prices Keep Livestock Contracts at Bay The livestock contracts closed mostly lower as sharply higher corn prices were hard to stomach throughout Monday's trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex's biggest focus Monday was the spike in corn prices. Heading into Tuesday's market, both the cattle and hog contracts are hopeful that fundamental support will strengthen and that corn prices will level out, but only time will tell. Hog prices are unavailable on the Daily Direct Afternoon Hog Report due to packer submission problems. December corn is up 32 cents per bushel and December soybean meal is up $3.10. The Dow Jones Industrial Average is up 183.55 points.