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DTN Closing Livestock Comment 09/13 15:44

13 Sep 2023
DTN Closing Livestock Comment 09/13 15:44 Traders Continue to Wait on Cash Cattle to Trade Heading into Thursday, all eyes will be on the cash cattle market as traders and cattlemen are both wondering who's going to win the upper hand in this week's market -- packers or feedlots? ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was another day when the majority of the livestock contracts closed lower thanks to little action fundamentally in the marketplace. Still no major cash cattle trade has developed and, at this point, feedlots seem content waiting however long it takes to get packers to offer up the prices they desire. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.53 with a weighted average price of $79.09 on 12,033 head. December corn is up 5 3/4 cents per bushel and December soybean meal is down $3.30. The Dow Jones Industrial Average is down 75.46 points.