DTN Closing Livestock Comment 09/07 15:43
7 Sep 2023
DTN Closing Livestock Comment 09/07 15:43 Cattle Come Alive Thursday A handful of cattle were traded in the North Thursday afternoon, but the South has yet to see cash cattle trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a tremendous day for the cattle complex as the contracts charged higher through Thursday's end, as traders seem to rooting for the market's long-term bullish outlook to re-spark the marketplace's morale. Some cash cattle trade was reported in the North, but the South remains quiet with feedlots holding out for at least steady prices. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.13 with a weighted average price of $80.26, ranging from $74.00 to $83.00 on 3,735 head. December corn is up 1/2 cent per bushel and December soybean meal is down $3.90. The Dow Jones Industrial Average is up 84.36 points.