DTN Closing Livestock Comment 08/23 15:43
23 Aug 2023
DTN Closing Livestock Comment 08/23 15:43 Live Cattle Close Slightly Higher Heading into Thursday's market, all eyes will be on the cash market and what it accomplishes this week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex struggled with the corn market's slight uptick as both the feeder cattle and lean hog contracts closed lower, but the live cattle complex was able to keep a mildly higher position through closing. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.33 with a weighted average price of $88.42 on 6,410 head and a five-day rolling average of $90.23. December corn is up 11 cents per bushel and December soybean meal is up $6.00. The Dow Jones Industrial Average is up 184.15 points.