DTN Closing Livestock Comment 07/27 15:42
27 Jul 2023
DTN Closing Livestock Comment 07/27 15:42 Still Waiting on Cash Cattle Trade to Develop With the cash cattle market still largely unestablished, Friday's market will need to see cattle trade or this week's volume is going to be painfully light. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Once again, another day passed and the war between packers and feedlots remains yet to be settled. Still no sizeable volume of cash cattle trade has developed, meaning that Friday's market will need to see some serious action. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.78 with a weighted average price of $103.53 on 1,650 head. December corn is down 6 cents per bushel and December soybean meal is down $3.00. The Dow Jones Industrial Average is down 237.40 points.