DTN Closing Livestock Comment 07/28 15:36
28 Jul 2023
DTN Closing Livestock Comment 07/28 15:36 Still Waiting for Cattle to Trade As of Friday afternoon, the cash cattle market remained a battle field for packers and feedlots, and neither party wanted to budge an inch. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Friday closed on a mostly higher note for the livestock complex but the biggest watched market all day was the cash cattle complex -- and still only a handful of cattle have traded. As packers and feedlots head into next week's market, tensions are likely to be high as neither party wants to budge. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $3.06 with a weighted average price of $100.47, ranging from $95.00 to $108.00 on 1,333 head.