DTN Closing Livestock Comment 08/16 16:00
16 Aug 2023
DTN Closing Livestock Comment 08/16 16:00 Traders Continue to Handle Livestock Complex Cautiously Heading into Thursday's market, traders will continue to watch corn prices closely as well as the cash market to see if any Northern cattle sell. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex closed mostly lower Wednesday afternoon as traders continue to be cautious players in this week's market. Some cash cattle trade was reported in the South at $179 which is about $1.00 lower than last week's weighted averages. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.72 with a weighted average price of $93.45 on 10,247 head. December corn is up 6 cents per bushel and December soybean meal is up $2.10. The Dow Jones Industrial Average is down 180.65 points.