DTN Closing Livestock Comment 09/15 15:36
15 Sep 2023
DTN Closing Livestock Comment 09/15 15:36 Cattle Rally Relentlessly Friday Through Friday's end, the cattle contracts rallied as late week support came from strong cash cattle sales. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The lean hog contracts grew weaker as Friday traded on, but the cattle complex kept its rallying spirit through the week's end. With the help of stronger cash cattle prices, both the spot feeder cattle contract and the spot live cattle contract were able to close the week out at new contract highs. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.91 with a weighted average price of $77.53, on 3,965 head. December corn is down 4 1/4 cents per bushel and December soybean meal is down $7.30. The Dow Jones Industrial Average is down 246.92 points.