DTN Closing Livestock Comment 07/26 15:37
26 Jul 2023
DTN Closing Livestock Comment 07/26 15:37 Cattle Turn Higher as Support Slowly Resurfaces Heading into Thursday's market, cattlemen are going to be anxiously awaiting to see what develops in the cash market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a supportive day for the cattle complex as both the live cattle and feeder cattle contracts capitalized on the corn market's lower close, but the lean hog market continues to lack traction in this week's market. Hog prices closed lower higher on the Daily Direct Afternoon Hog Report, up $0.58 with a weighted average price of $106.31 on 19,916 head. December corn is down 17 cents per bushel and December soybean meal is up $2.50. The Dow Jones Industrial Average is up 82.05 points.