DTN Closing Livestock Comment 09/19 15:27
19 Sep 2023
DTN Closing Livestock Comment 09/19 15:27 Cattle Tiptoe While Hogs Run Heading into Wednesday's market the hog complex will be pressured to either sustain it's move or bow down to resistance pressure. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a quiet day for the cattle complex, but the lean hog contracts maintained their upward surge through Tuesday's end. No interest developed in the cash cattle market, and it's likely that trade is delayed until sometime Thursday or even potentially delayed until Friday morning. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.05 with a weighted average price of $77.81 on 9,665 head. December corn is up 4 3/4 cents per bushel and December soybean meal is up $1.30. The Dow Jones Industrial Average is down 137.53 points.