DTN Closing Livestock Comment 09/06 16:06
6 Sep 2023
DTN Closing Livestock Comment 09/06 16:06 Cattle Charge Through Wednesday's Close On Thursday, cattlemen should see more cash cattle trade develop as the week's volume as been thin thus far. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle contracts climbed higher through Wednesday's end as the market's underlying bullish tone charged traders into action and helped them push the contracts substantially higher. The lean hog complex didn't see the same type of energy throughout it's market as traders long to see more consistent fundamental support. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.94 with a weighted average price of $79.13 on 7,496 head. December corn is down 1/4 cent per bushel and December soybean meal is up $1.60. The Dow Jones Industrial Average is down 198.78 points.