DTN Closing Livestock Comment 08/07 15:41
7 Aug 2023
DTN Closing Livestock Comment 08/07 15:41 Traders Push Hogs Higher but Remained Skeptical With Cattle Heading into Tuesday's market, traders will continue to monitor corn prices as well as consumer demand for both beef and pork. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex closed mixed Monday with cattle remaining hesitant throughout the day while the lean hog complex closed higher. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $2.25 with a weighted average price of $97.42 on 1,136 head. December corn is down 1 1/2 cents per bushel and December soybean meal is down $6.10. The Dow Jones Industrial Average is up 401.68 points.